Director/PDMR Shareholdings

RNS Number : 7976G

Gfinity PLC

31 March 2022

 

31 March 2022

Gfinity PLC

  ( "Gfinity", the "Company" or the "Group")

Director/PDMR Shareholdings

Gfinity plc (AIM: GFIN), a world leading esports solutions provider, confirms that as part of the Fundraising to raise £2.70 million announced on 14 March 2022, the following Directors have subscribed for a total of 7,600,000 New Ordinary Shares of 0.1p each in the Company at the Placing Price of 1.25 pence, as detailed below:

Director	Role	No. of New Ordinary Shares held prior to the Fundraise	No. of New Ordinary Shares subscribed for	No. of Ordinary Shares held on Admission
John Clarke	Chief Executive Officer	1,847,222	2,000,000	3,847,222
Jonathan Hall	Chief Finance and Operating Officer	1,472,222	2,000,000	3,472,222
Len Rinaldi	Non-Executive Director	-	2,000,000	2,000,000
Hugo Drayton	Non-Executive Director	-	1,600,000	1,600,000

The Director participation is in line with that announced in the Fundraising announcement of 14 March 2022 and follows the release of the Company's interim results for the six months ended 31 December 2021 and the cessation of the applicable close period for Director dealings.

The issue of the subscription shares is conditional upon shareholder approval at the Company's General Meeting on 01 April 2022.  The Company provides further PDMR disclosure forms below, that are also being submitted online to the FCA, in relation to the Subscription Shares.

Terms and definitions used in this announcement shall have the same meaning as ascribed to them in the Fundraising Announcement released at 5:04 p.m. on 14 March 2022, unless the context requires otherwise.

For further information, please contact:

Gfinity plc  John Clarke, CEO	www.gfinityplc.com Via Teneo
Teneo    (Media) Anthony Di Natale	Tel: [phone] [e-mail]
Canaccord Genuity Limited (Nominated Adviser, Sole Bookrunner & Sole Broker) Bobbie Hilliam / Patrick Dolaghan	Tel: [phone]

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	John Clarke
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial notification
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 the financial instrument	Ordinary shares of 0.1 pence each
b)	Identification code of the Financial Instrument	GB00BT9QD572
c)	Nature of the transaction	Subscription for shares For every New Ordinary Share subscribed for as part of the Fundraising, John Clarke has been issued with one warrant to subscribe for one Ordinary Share at the Issue Price.
d)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.0125 2,000,000
e)	Aggregated information:  volume, Price	Aggregated Volume: 2,000,000 Aggregated Price: GBP 25,000
f)	Date of the transaction	30 March 2022
g)	Place of the transaction	Off Market

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/ Amendment	Initial notification
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 the financial instrument	Ordinary shares of 0.1 pence each
b)	Identification code of the Financial Instrument	GB00BT9QD572
c)	Nature of the transaction	Subscription for shares 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 volume(s)	Price(s) Volume(s) GBP 0.0125 2,000,000
e)	Aggregated information:  volume, Price	Aggregated Volume: 2,000,000 Aggregated Price: GBP 25,000
f)	Date of the transaction	30 March 2022
g)	Place of the transaction	Off Market

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/ Amendment	Initial notification
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 the financial instrument	Ordinary shares of 0.1 pence each
b)	Identification code of the Financial Instrument	GB00BT9QD572
c)	Nature of the transaction	Subscription for shares 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 volume(s)	Price(s) Volume(s) GBP 0.0125 2,000,000
e)	Aggregated information:  volume, Price	Aggregated Volume: 2,000,000 Aggregated Price: GBP 25,000
f)	Date of the transaction	30 March 2022
g)	Place of the transaction	Off Market

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/ Amendment	Initial notification
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 the financial instrument	Ordinary shares of 0.1 pence each
b)	Identification code of the Financial Instrument	GB00BT9QD572
c)	Nature of the transaction	Subscription for shares 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 volume(s)	Price(s) Volume(s) GBP 0.0125 1,600,000
e)	Aggregated information:  volume, Price	Aggregated Volume: 1,600,000 Aggregated Price: GBP 20,000
f)	Date of the transaction	30 March 2022
g)	Place of the transaction	Off Market

 

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