Result of General Meeting and Total Voting Rights

RNS Number : 3348T

Gfinity PLC

11 October 2017

 

Gfinity plc

("Gfinity" or the "Company")

                                                                                          Result of General Meeting

  Total Voting Rights

Gfinity plc, a leading international esports group, is pleased to announce that at its general meeting held earlier today, all resolutions were duly passed.

Accordingly, pursuant to the Placing announced on 25 September 2017, the Placing Shares are expected to be admitted to trading on AIM tomorrow, 12 October 2017, to complete the Placing.

Total Voting Rights

With effect from Admission, the Company's issued ordinary share capital will comprise 218,203,545 ordinary shares of 0.1 pence, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of ordinary shares of 0.1p and voting rights in the Company will be 218,203,545. 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 in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement have the same meaning as in the Company's announcement on 25 September 2017, unless the context requires otherwise.

Enquiries:

Gfinity plc	www.gfinityplc.com
Neville Upton, Chief Executive Officer	Via Walbrook PR
Allenby Capital Limited - AIM Nominated Adviser and Broker	Tel. [phone]
Jeremy Porter / John Depasquale / James Thomas
Walbrook PR (Media & Investor Relations)	Tel: [phone]
Paul Cornelius / Helen Cresswell / Sam Allen	or [e-mail]

About Gfinity

Gfinity is a leading international esports entertainment business.  The London-based company enjoys strong relationships with the pre-eminent game publishers, esport players and the wider esports community and has built a reputation for delivering top quality esport competitions, both on-line and off-line, and producing industry leading esports broadcasts.

Gfinity delivers online esport competitions open to all registrants and  stages world leading off-line events in which the world's top esport players travel to the Gfinity Esports Arena in London to take part in competitions broadcast on-line to millions of viewers worldwide.  Gfinity stages live esports events featuring top video gaming titles, across PCs, consoles and mobile devices.

Gfinity monetises the strong position that it has created in professional esports through a combination of sponsorship, advertising, and broadcast income relating to Gfinity's own events.  Gfinity will also earn license fees and revenue share from licensing the Gfinity Elite Series format as part of an international roll-out  in addition to fees received for creating and delivering bespoke events for sponsors and game publishers seeking to engage with the esports community.

In 2017 Gfinity launched the Gfinity Elite Series professional esports tournament which has quickly established as the pre-eminent professional esports competition in the UK.

About the Elite Series

The Elite Series, first announced in November 2016, is a dynamic new eSports league format which provides the eSports community with an exciting new platform to play and watch games in a fiercely competitive environment on www.GfinityEsports.com.

 

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