Further to the announcements issued on the 5^th and 14^th of October 2020, VR Education Holdings plc (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company, announces that BridgingTheGap® Ventures, the organisers behind the YOUNGA™ forum, made the decision to postpone the inaugural YOUNGA™ 2020's Global Broadcast and VR Spectacular that was scheduled to occur on 24 October 2020.

In an update issued on 24 October 2020 to those registered for the YOUNGA™ forum, BridgingTheGap® Ventures said: “We regret to inform you that due to technical issues, we have to postpone YOUNGA 2020's Global Broadcast and VR Spectacular.  In order for us to deliver the programming that we envisioned, we had to make the difficult decision to move the date.  We sincerely apologise for this unexpected situation and hope that you will be able to join us for an event that we are proud to present to you and the world.  Through YOUNGA™, our mission is to create an inclusive and accessible platform for tomorrow and today's leaders to unite and co-create solutions for a better future.  We truly appreciate all of the support you have provided us and will be in touch with more details on our revised schedule soon.”

David Whelan, CEO of VR Education, said: “Whilst it is disappointing that the inaugural YOUNGA™ forum has been postponed, we await a new date, which we will announce in due course, and we will continue to work closely with BridgingTheGap® Ventures in delivering this exciting global VR spectacular.  It is also important to clarify that the cited technical issues were not in any which way related to our platform, which is robust in hosting large scale events to global audiences.”

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

 

For further information, please contact:

VR Education Holdings plc David Whelan, CEO Sandra Whelan, COO	Tel: +353 87 665 6708 contact@vreducationholdings.com
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 VRE@buchanan.uk.com

 

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.

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Group's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Group's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

The Group cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Group only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Group will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.