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VR Education Hldgs - Directorate Changes

RNS Number : 8911W
VR Education Holdings PLC
24 August 2020
 


24 August 2020

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

VR Education Holdings plc

('VR Education' or the 'Company')

 

Directorate Changes

 

VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education and enterprise training space, announces that Dr. Harry Kloor has been appointed as Non-Executive Director of the Company with immediate effect.

 

Based in the United States, Harry is an entrepreneur, scientist, technologist, educator, policy advisor, and Hollywood producer and writer.  He is the CEO and Co-Founder of Beyond Imagination, a company seeking to build general-purpose robotic humanoids.  Harry is involved in the education sector and has significant experience in bringing science to the public.  He has worked as an advisor for NASA, US Senate, Jet Propulsion Laboratories, and numerous other science organisations. Dr. Kloor was also one of the five founding team members of XPRIZE, the non-profit organisation that designs and hosts public competitions intended to encourage technological development to benefit humanity. He has worked with a large number of scientific organisations, universities, and companies to advance technologies ranging from robotics, virtual and augmented reality, artificial intelligence, deep machine learning, sensor networks, IOT, haptics and holography.

 

Coinciding with the appointment of Dr. Harry Kloor, Mike Boyce, who has been a Non-Executive Director of the Company since February 2018, is stepping down from the Board to pursue other business interests.  Following a brief transition period, Mike will officially step down from the Board on 31 August 2020. 

 

Richard Cooper, Chairman of VR Education, said: "I am delighted to welcome Harry to the Board.  He has deep experience in the education sector and in driving adoption of new technologies, particularly in the important US marketplace.  We look forward to his insight and support as we continue to deliver on our strategy and benefit from the increasing interest in VR in multiple sectors.

 

"On behalf of the Board, I would like to thank Mike for his counsel and support since VR Education floated in 2018 and wish him well in the future."

 

Dr. Harry Kloor added: "I am thrilled to be joining the board of VR Education Holdings plc.  I have spent decades immersed in XR technologies, and their applications in entertainment, medicine, social networking, and most importantly education.  The ENGAGE platform is exactly what is needed in a world which is now working much more remotely than before.   There is only so much you can do via video conferencing:  looking at a flat screen is a poor substitute for really being at a location, but with ENGAGE you can learn as if you are actually in a class room, collaborate, or be entertained in so many different ways.   ENGAGE shatters the barrier and fears many I think face when thinking about how to utilise VR environments, making it an easy system to fulfil ones needs. I look forward to sharing my ideas and assisting the Company as best as I can as a board member."

 

 

The following information is disclosed in respect of Dr. Harry Kloor (age 57) pursuant to Schedule 2(g) of the AIM Rules for Companies and Chapter 5: Additional Rules for the Euronext Growth Market operated by Euronext Dublin:

 

Current directorships

Directorships and partnerships held in the past five years

Beyond Imagination Inc

American Power Group Corporation

Enki Galactic Holdings LLC

Jupiter 9 Productions Inc

International Brain Mapping and Intra-Operative Surgical Planning Society

STEM CC INCORPORATED

 

 

Dr. Harry Kloor does not hold any ordinary shares or options over ordinary shares in the Company.

 

There is no further information which is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies and Chapter 5: Additional Rules for the Euronext Growth Market operated by Euronext Dublin in respect of Dr. Harry Kloor.

 

- Ends -

 

For further information, please contact:

 

VR Education Holdings plc

Richard Cooper, Chairman

David Whelan, CEO

Sandra Whelan, COO

 

Tel: +353 87 665 6708

[email protected]

 

Cairn Financial Advisers LLP (Nominated Adviser)

James Caithie / Liam Murray / Ludovico Lazzaretti

 

 

Tel: +44 (0) 20 7213 0880

 

Shard Capital Partners LLP (Joint Broker)

Damon Heath / Erik Woolgar

 

Tel: +44 (0) 20 7186 9952

 

Davy (Joint Broker & Euronext Growth Advisor)

Fergal Meegan / Ronan Veale / Barry Murphy

 

 

Tel: +353 1 679 6363

 

 

Buchanan (Financial PR)

Henry Harrison-Topham / Chris Lane / Tilly Abraham

 

 

Tel: +44 (0)20 7466 5000

[email protected]

 



 

Notes to Editors

VR Education, together with its wholly owned subsidiary, is an early stage VR software and technology group based in Waterford, Ireland, dedicated to transforming the delivery methods of education and corporate training by utilising VR technologies to deliver fully immersive virtual learning experiences.  The Group's core focus is the development and commercialisation of its online virtual social learning and presentation platform called ENGAGE, which provides a platform for creating, sharing and delivering proprietary and third-party VR content for educational and corporate training purposes.

 

In addition to the ongoing development of the ENGAGE platform, the Group has also built two downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience and the Titanic VR experience.

 

On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on the Enterprise Securities Market, a market regulated by Euronext Dublin.  For further information, please visit www.vreducationholdings.com.

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Price: 20.5

Market: AIM
Market Cap: £49.56 m
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