We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gfinity Plc | LSE:GFIN | London | Ordinary Share | GB00BT9QD572 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0275 | 55.00% | 0.0775 | 0.075 | 0.08 | 0.0775 | 0.05 | 0.05 | 112,478,576 | 16:26:40 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Amusement & Rec Svcs, Nec | 2.19M | -10.26M | -0.0030 | -0.27 | 1.7M |
From Dec 2022 to Dec 2024
TIDMGFIN
RNS Number : 7988P
Gfinity PLC
14 February 2023
THIS ANNOUNCEMENT AND THE INFORMATION HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, TRANSMISSION, RELEASE, DISTRIBUTION OR FORWARDING WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
14 February 2023
Gfinity PLC
("Gfinity", the "Company" or the "Group")
Results of Fundraise & Publication of Circular
Further to the announcement of 13 February 2023 regarding the proposed Fundraise (the "Fundraise Announcement"), the Company is pleased to announce that it has conditionally raised GBP2 million (before expenses) in an upsized Placing and Subscription.
Canaccord Genuity acted as Nominated Adviser, Sole Bookrunner and Sole Broker in connection with the Fundraising.
The following Directors have agreed to subscribe for the following New Ordinary Shares at the Issue Price under the Subscription:
Hot Features
Premium
Director Number Value of Number % Share Number
of New Ordinary New Ordinary of Ordinary Capital of Existing
Shares subscribed Shares subscribed Shares held held on Warrants
for for on Admission Admission and New
Warrants
held on
Admission
Neville Upton 6,666,666 GBP10,000 21,543,911 0.81% 6,666,666
=================== =================== ============== =========== =============
Jonathan Hall 6,666,666 GBP10,000 10,138,888 0.38% 8,666,666
=================== =================== ============== =========== =============
Len Rinaldi 6,666,666 GBP10,000 8,666,666 0.33% 8,666,666
=================== =================== ============== =========== =============
Hugo Drayton 6,666,666 GBP10,000 8,266,666 0.31% 8,266,666
=================== =================== ============== =========== =============
TOTAL 26,666,664 GBP40,000 48,616,131 1.84% 32,266,664
=================== =================== ============== =========== =============
Subject to shareholder approval, the Company will issue 907,166,673 new Ordinary Shares pursuant to the Placing and 426,166,661 new Ordinary Shares pursuant to the Subscription at the issue price of 0.15 pence per share. In total, 1,333,333,334 New Ordinary Shares will be issued as part of the Fundraise.
Admission and dealings in the New Ordinary Shares is expected to commence on AIM on 07 March 2023, subject to the passing of the Resolutions by Shareholders at the General Meeting.
Further to the above and conditional on Admission, the Company expects to issue a total of 1,333,333,334 New Warrants and 39,720,000 Introducer Warrants on the terms set out in the Fundraise Announcement.
A circular, containing further details of the Fundraising and notice of the General Meeting to be held at 10.00 a.m. on 06 March 2023 to, inter alia, approve the resolutions required to implement the Fundraising, is expected to be published and despatched to Shareholders today, 14 February 2023 (the "Circular"). Following its publication, the Circular will be available on the Group's website at https://www.gfinityplc.com/investors/reports/
Words and phrases defined in the Fundraise Announcement will have the same meanings in this announcement.
Enquiries :
Gfinity plc www.gfinityplc.com Neville Upton, Executive Chairman ir@gfinity.net Jonathan Hall, Chief Finance and Operating Officer Canaccord Genuity Limited (Nominated Adviser, Tel:+44 (0)207 523 Sole Bookrunner & Sole Broker) 8150 Bobbie Hilliam / Patrick Dolaghan
About Gfinity
Gfinity is a leading media and technology company in the fast-growing esports and gaming sector. Founded in late 2012, Gfinity established itself as esports and community engagement experts. More recently, the company's business model has evolved to reflect the rapidly developing gaming market, sharpening its strategic focus, based on 3 distinct areas:
Gfinity Digital Media is made up of 11 sites that reach up to 15 million monthly unique active users and delivers 75 million impressions per month across its social network of over 7,000,000 followers.
The Gfinity Engagement Platform (Athlos) is a fully configurable, white-label, bespoke solution, designed to maximise community engagement through competitive play, and is already trusted by some of the world's biggest gaming and esports organisations.
Our JVs and Partnerships - Esports Solutions - allow the Company to benefit from co-owned ideas, working with partners who value and benefit from Gfinity's expertise, to create products such as the Global Racing Series with Abu Dhabi Motorsport Management, and esports activities for Manchester United FC, and Formula 1.
The information below set out in accordance with the requirement of the EU Market Abuse Regulation provides further detail.
1 Details of the person discharging managerial responsibilities
a) Name Neville Upton
------------------------ -------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Executive Chairman
------------------------ -------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------ -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Gfinity plc
------------------------ -------------------------------------------
b) LEI 213800GNV14EDQNRWI17
------------------------ -------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------
a) Description of Ordinary shares of 0.1 pence each
the financial
instrument
------------------------ -------------------------------------------
b) Identification GB00BT9QD572
code of the Financial
Instrument
------------------------ -------------------------------------------
c) Nature of the Subscription for shares
transaction For every New Ordinary Share subscribed
for as part of the Fundraising, Neville
Upton has been issued with one warrant to
subscribe for one Ordinary Share at the
Issue Price.
------------------------ -------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) GBP 0.0015 6,666,666
----------
------------------------ -------------------------------------------
e) Aggregated information: Aggregated Volume: 2,000,000
volume, Price Aggregated Price: GBP 10,000
------------------------ -------------------------------------------
f) Date of the transaction 14 February 2023
------------------------ -------------------------------------------
g) Place of the Off Market
transaction
------------------------ -------------------------------------------
1 Details of the person discharging managerial responsibilities
a) Name Jonathan Hall
------------------------ -----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Chief Finance and Operating Officer
------------------------ -----------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------ -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Gfinity plc
------------------------ -----------------------------------------------
b) LEI 213800GNV14EDQNRWI17
------------------------ -----------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-------------------------------------------------------------------------
a) Description of Ordinary shares of 0.1 pence each
the financial
instrument
------------------------ -----------------------------------------------
b) Identification GB00BT9QD572
code of the Financial
Instrument
------------------------ -----------------------------------------------
c) Nature of the Subscription for shares
transaction For every New Ordinary Share subscribed for
as part of the Fundraising, Jonathan Hall
has been issued with one warrant to subscribe
for one Ordinary Share at the Issue Price.
------------------------ -----------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) GBP 0.0015 6,666,666
----------
------------------------ -----------------------------------------------
e) Aggregated information: Aggregated Volume: 2,000,000
volume, Price Aggregated Price: GBP 10,000
------------------------ -----------------------------------------------
f) Date of the transaction 14 February 2023
------------------------ -----------------------------------------------
g) Place of the Off Market
transaction
------------------------ -----------------------------------------------
1 Details of the person discharging managerial responsibilities
a) Name Len Rinaldi
------------------------ ---------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------ ---------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------ ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Gfinity plc
------------------------ ---------------------------------------------
b) LEI 213800GNV14EDQNRWI17
------------------------ ---------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------
a) Description of Ordinary shares of 0.1 pence each
the financial
instrument
------------------------ ---------------------------------------------
b) Identification GB00BT9QD572
code of the Financial
Instrument
------------------------ ---------------------------------------------
c) Nature of the Subscription for shares
transaction For every New Ordinary Share subscribed for
as part of the Fundraising, Len Rinaldi has
been issued with one warrant to subscribe
for one Ordinary Share at the Issue Price.
------------------------ ---------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) GBP 0.0015 6,666,666
----------
------------------------ ---------------------------------------------
e) Aggregated information: Aggregated Volume: 2,000,000
volume, Price Aggregated Price: GBP 10,000
------------------------ ---------------------------------------------
f) Date of the transaction 14 February 2023
------------------------ ---------------------------------------------
g) Place of the Off Market
transaction
------------------------ ---------------------------------------------
1 Details of the person discharging managerial responsibilities
a) Name Hugo Drayton
------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------ ----------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------ ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Gfinity plc
------------------------ ----------------------------------------------
b) LEI 213800GNV14EDQNRWI17
------------------------ ----------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------------------------------------------------------------------------
a) Description of Ordinary shares of 0.1 pence each
the financial
instrument
------------------------ ----------------------------------------------
b) Identification GB00BT9QD572
code of the Financial
Instrument
------------------------ ----------------------------------------------
c) Nature of the Subscription for shares
transaction For every New Ordinary Share subscribed for
as part of the Fundraising, Hugo Drayton has
been issued with one warrant to subscribe
for one Ordinary Share at the Issue Price.
------------------------ ----------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) GBP 0.0015 6,666,666
----------
------------------------ ----------------------------------------------
e) Aggregated information: Aggregated Volume: 2,000,000
volume, Price Aggregated Price: GBP 10,000
------------------------ ----------------------------------------------
f) Date of the transaction 14 February 2023
------------------------ ----------------------------------------------
g) Place of the Off Market
transaction
------------------------ ----------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
ROIGZGMZGDRGFZG
(END) Dow Jones Newswires
February 14, 2023 02:00 ET (07:00 GMT)
1 Year Gfinity Chart |
1 Month Gfinity Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
