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Tech Capital
Market: AIM
52-week High/Low: 19.75p / 7.06p
Sector: Software & Computer Services [T3]
Market Cap: 14.49M

We are a virtual/augmented reality software company dedicated to transforming how educational content is delivered and consumed globally by providing educators and corporate trainers the tools they need to create their own content using virtual classrooms or virtual training environments.

VR Education Holdings Plc

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Big picture - Why invest in VR Education Holdings Plc

VR Education Holdings Plc Snapshot

VR Educations primary strategy is to establish ENGAGE as the world’s leading digital education and corporate training platform.

The core objective is to provide students, educators and corporate trainers globally with an alternative to attending bricks and mortar institutes or expensive onsite simulated training.

The company will drive commercial adoption and revenue of its ENGAGE platform by:

1. Partnering with leading educational institutes and corporate trainers, enabling them to create and distribute their own intellectual property in an immersive learning environment through the medium of VR/AR.

2. Partnering with VR/AR hardware manufacturers to package tailor-made solutions for corporate/simulated training such as safety/medical training.

The company will continue to build on its brand power by providing complementary content attached to its award-winning showcase experiences, produced and released on a yearly basis to promote the platform.


ENGAGE is a social education, presentation, and corporate training platform. ENGAGE allows educators and corporations to host meetings, classes, private lessons and presentations with people from all over the world in a safe, virtual, multi-user environment.



1943: Berlin Blitz

1943: Berlin Blitz uses VR to breathe new life into the BBC Archive, using an extraordinary piece of wartime journalism to transport you to Berlin at the height of the Second World War.



Titanic VR

Witness the sinking of RMS Titanic. Explore the shipwreck. Titanic VR is an immersive educational interactive story and game; with over 6 hours of game-play you will leave with a greater understanding of the historic tragedy that unfolded in 1912.



Apollo 11 VR

Apollo 11 VR is the story of the greatest journey ever taken by humankind. Now for the first time ever, you get to experience this historic event through the eyes of those who lived through it.

ER VR Medical

A free to download educational app where users experience and simulate a traumatic scenario following a road traffic accident and work through the critical decisions required for their patient. This app includes an alternative fully educational and didactic mode allowing those without medical training to learn from this experience in an immersive environment. Created for the Royal College of Surgeons in Ireland (RCSI) by VR Education Holdings this application is available on the Samsung GearVR

Board Members

David Whelan: Chief Executive Officer

David is a tech entrepreneur and founder of VR Education. He is a former Editor-in-chief of Virtual Reality Reviewer and a multi-awarding winning VR director and producer with 10+ years web development background in app creation and programming large CRM systems. David believes in a future where education is accessible to all no matter your geographical location or financial status.

Richard Cooper: Non-Executive Chairman

Richard has over 25 years’ experience as a Finance Director, in both publicly traded and privately-owned companies in a variety of service industries including gaming, insurance, and financial services. Richard has significant operations and M&A skills, is highly commercial, possesses AIM, TSX and LSE Official list technical experience and has extensive contacts in London City and in the Gaming sector.

Seamus Larrissey: Chief Financial Officer

Seamus has 11+ years’ experience in finance. His previous roles include a senior finance position at TSSG Group looking after 100+ staff and researchers and as an auditor for Ernst & Young.

Sandra Whelan: Chief Operating Officer

Sandra is a former Editor at Virtual Reality Reviewer. She has considerable experience including many years in corporate accounts management at E-Drive Group Telematics. Sandra has significant experience working with large corporations’ contract management.

Tony Hanway: Non-Executive Director

Current C.E.O of Virgin Media Ireland. Tony is a results-driven CEO with 20 years’ experience in the ICT and media sectors. Strong commercial acumen with proven track record in Sales, Retail, E-commerce, Contact Centres, Business Transformation and M&A.

Michael Boyce:  Non-Executive Director

Mike has over 20 years of sales experience in the UK education sector. He currently works as Head of Sales at School Explained Limited and was formerly Educational Sales Manager at Capita One Education, where he worked alongside Local Education Authorities and supported their strategic objectives and data intelligence from schools. His extensive experience in the educational sector means that his knowledge and expertise of both strategic and pedagogical approach of ICT into Education is outstanding.

Share Information


Shares in issue: 193,136,406

Options & Warrants: 15,058,615

Fully Diluted: 208,195,021

Shares not in public hands: 80.50%

The Company has no shares held in treasury.

Significant Shareholders


On the basis of notifiable shareholdings declared to the company, at this time the following shareholders have declared a shareholding in excess of 3% of issued share capital. All shareholder notifications with such declarations will be promptly announced to market.

Shareholder Name Number of shares %
Octopus Investments Limited 20,700,000 10.7
Enterprise Ireland 18,998,760 9.8
Unicorn AIM VCT Plc 15,877,000 8.2
Suir Valley Ventures 13,940,580 7.2
Kernel Capital 13,157,200 6.8
Barry Downes* 13,047,200 6.8

 Related Parties - Directors' Shareholdings

Shareholder Name Number of shares %
David Whelan 38,665,000 20.0
Sandra Whelan 38,665,000 20.0
Richard Cooper 1,070,400 0.55
Mike Boyce 499,942 0.26
Tony Hanway 100,000 0.05
Seamus Larrissey 88,183 0.05

* Barry Downes is the beneficial owner of Telecommunications Research Consulting Partners Limited ("TRPCL"). In addition to being a director of TRPCL, Mr Downes is the director and sole shareholder of Road Bd Investments Unlimited Company, the holding company of TRPCL. Of the 13,047,200 shares held by Barry Downes, 2,427,200 are held by TRPCL.

UK Office

2 Queen Caroline Street
W6 9DX

EU Office

Unit 9
Cleaboy Business Park
Waterford City

Company Secretary


One Advisory Limited
201 Temple Chambers,
3-7 Temple Avenue
London, EC4Y 0DT
United Kingdom

Nominated Adviser


Cairn Financial Advisers LLP
Cheyne House, Crown Court
62-63 Cheapside, London EC2V 6AX
United Kingdom


Joint Broker


Stockdale Securities Limited
100 Wood Street,
London, EC2V 7AN
United Kingdom

ESM Adviser and Joint Broker


J & E Davy 
Davy House, 49 Dawson Street 
Dublin 2, Ireland


Solicitors to the Company (as to English Law)


Stephenson Harwood LLP
1 Finsbury Circus
London, EC2M 7SH
United Kingdom

Solicitors to the Company (as to Irish Law)


Wallace Corporate Counsel
39 Northumberland Road
Ballsbridge, Dublin 4


Reporting Accountants


PKF Littlejohn
1 Westferry Circus, Canary Wharf
London, E14 4HD
United Kingdom

Auditors to the Company


Ernst & Young
The Atrium, Maritana Gate, Canada Street
Waterford, Ireland



Financial Communications and 
Investor Relations


107 Cheapside
London, EC2V 6DN
Tel: +44 (0) 20 7466 5000
Email: [email protected]

UK Office

2 Queen Caroline Street
W6 9DX

EU Office

Unit 9
Cleaboy Business Park
Waterford City




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VR Education enjoys record December

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