Exercise of Warrants and Total Voting Rights

RNS Number : 2650N

Gfinity PLC

19 May 2020

 

19 May 2020

Gfinity plc

("Gfinity" or the "Company")

Exercise of Warrants and Total Voting Rights

Gfinity plc (AIM: GFIN), a leading esports and gaming solutions provider, announces that it has received warrant exercise notices over an aggregate of 14,650,000 new ordinary shares of 0.1 pence each in the capital of the Company ("New Ordinary Shares") with an exercise price of 1 penny per share, providing the Company with proceeds of £146,500.

The New Ordinary Shares will rank, pari passu, in all respects with the Company's existing ordinary shares. Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission and the issue of the 14,650,000 New Ordinary Shares will take place on, or around, 22 May 2020 ("Admission").

Total voting rights

Following Admission, the issued share capital of the Company will consist of 719,213,753 ordinary shares of 0.1 pence each with one voting right per share. The Company does not hold any Ordinary Shares in treasury.

Therefore, the total number of Ordinary Shares and voting rights in the Company will be 719,213,753. From Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:	www.gfinityplc.com
John Clarke, Chief Executive Officer	Via Teneo
Gfinity investor relations	[e-mail]
Allenby Capital Limited - AIM Nominated Adviser and Broker	Tel: [phone]
Jeremy Porter / Nicholas Chambers
Teneo - Media	Tel: [phone]
Camilla Cunningham	[e-mail]

About Gfinity

Gfinity (AIM: GFIN) is a world leading esports business. Created by gamers for the world's 2.2 billion gamers, Gfinity has a unique understanding of this fast-growing global community.  It uses this expertise both to provide advisory services and to design, develop and deliver unparalleled experiences and winning strategies for game publishers, sports rights holders, commercial partners and media companies.

Gfinity connects its partners with the esports community in authentic and innovative ways. This consists of on and off-line competitions and industry‑leading content production. Relationships include EA SPORTS, Activision Blizzard, F1 Esports Series and the Forza Racing Championship.

Gfinity connects directly with competitive gaming consumers through its growing community of gamers on its own platforms: Gfinityesports and RealSport101.

All Gfinity services are underpinned by the Company's proprietary technology platform delivering a level playing field for all competitors and supporting scalable multi-format leagues, ladders and knockout competitions.

 

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