EVR Holdings raises £10m

EVR Holdings has conditionally raised £10m, gross, through a placing of 125,000,000 new ordinary shares at 8p apiece.

And the group said that in addition, chief executive Anthony Matchett and chief operations officer Steven Hancock had each conditionally sold 31,250,000 existing ordinary shares at the placing price for an aggregate consideration of £5m.

The company said the placing price represented a discount of 1.54% to the closing mid-market price of 8.125p on 24 Oct.

The company said Matchett and Hancock would still retain over 80% of their original shareholdings, equating to 184,107,796 and 146,509,136 ordinary shares respectively and were subject to a six month lock-up in respect of 50%of those shares and a 12 month lock-up in relation to the remaining 50%.

At 8:06am: (LON:EVRH) EVR Holdings Plc share price was -0.25p at 7.88p