Subscription Offer and Issue of Equity

RNS Number : 9154F

Gfinity PLC

17 November 2015

 

17 November 2015

 Gfinity plc

 ("Gfinity" or the "Company")

Subscription Offer and Issue of Equity

Further to the announcement on 10 November 2015, Gfinity (AIM: GFIN), a leading eSports business, is pleased to announce that it has raised £58,000 by way of a subscription offer ("Subscription") for 305,263 new ordinary shares of 0.1 pence each ("Subscription Shares") at 19 pence per share.

The Subscription was open to existing Gfinity shareholders in order to provide the opportunity to invest in the Company at the same price as those who participated in the Placing, announced on 2 November 2015, which raised £1 million. The Subscription has now closed.

It is expected that the Admission of the Subscription Shares to AIM will become effective and dealings in these shares will commence on 23 November 2015.

Following Admission, the total number of ordinary shares in issue will be 83,413,570. This figure may be used by shareholders 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 and Transparency Rules.

Enquiries:

Gfinity plc
Jonathan Hall, Finance Director Neville Upton, Chief Executive Officer	[phone]
Arden Partners plc - Nominated Adviser and Broker
Chris Hardie, Ciaran Walsh	[phone]
Luther Pendragon - PR adviser to Gfinity
Harry Chathli, Alexis Gore, Oliver Hibberd	[phone]

 

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