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ENGAGE XR Holdings Plc announced its largest customer, which renewed commercial arrangements in May 2026, will not be taking further licenses, resulting in expected funds not being received. Following a board meeting on 31 August 2026, the company determined to proceed with a court-approved liquidation under Irish Law. Consequently, the company requested a suspension in the trading of its shares on AIM, effective from 7:30 a.m. on 01 September 2026.
| Date | 1 Sept 2026 |
| Time | 07:00:20 |
| Category | Miscellaneous |
| ID | 7687S |
1 September 2026
ENGAGE XR Holdings Plc
(“ENGAGE XR” or the “Group”)
Suspension of Shares
ENGAGE XR Holdings Plc, a Metaverse / Spatial Computing technology company, announces further to its Final Results announced on 2 June 2026 that the Group’s largest customer which renewed its commercial arrangements with the Group in May 2026 has communicated to the Company that it will not be taking any licences going forward. The consequence of this is that the funds that were expected to be remitted to the Company pursuant to the contract will now not be received.
Following a board meeting held on 31 August 2026 and having regard to the Company’s financial position, the board has unfortunately determined that it needs to proceed with a court approved liquidation in accordance with Irish Law. It is currently not expected that this process would provide any return for shareholders.
Given the significant impact of the above on the Group’s financial position and prospects, the Company has requested a suspension in the trading of its shares on AIM which will become effective from 7:30 a.m. today. Further announcements will be made as appropriate.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
For further information, please contact:
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ENGAGE XR Holdings Plc David Whelan, CEO Séamus Larrissey, CFO Sandra Whelan, COO
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Tel: +353 87 665 6708 |
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Cavendish Capital Markets Limited (Nominated Adviser & Broker) Marc Milmo / Seamus Fricker (Corporate finance) Sunila de Silva (ECM)
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Tel: +44 (0) 20 7220 0500 |
About ENGAGE XR
ENGAGE XR Holdings plc (AIM: EXR) is a leading Metaverse / Spatial Computing technology company focused on becoming a leading global provider of virtual communications solutions through its new fully featured corporate metaverse, ENGAGE Link. A demonstration can be viewed here: ENGAGE The Spatial Computing Platform for Enterprise
The Company also has a proprietary software platform, ENGAGE. ENGAGE provides users with a platform for creating, sharing, and delivering VR content for education, training, and online events through its three solutions: Virtual Campus, Virtual Office, and Virtual Events.
For further information, please visit: www.engagexrholdings.com (LinkedIn: @Engage XR Holdings plc Twitter: @engage_xr)