Exercise of Warrants

RNS Number : 4029C

Guild Esports PLC

19 October 2020

 

Press release

19 October 2020

Guild Esports PLC

("Guild Esports" or "the Company")

Exercise of Warrants

Guild Esports, a UK-based owner and developer of esports teams (LSE:GILD), announces that it has received notice of the exercise of warrants ("Warrants") over 1,500,000 ordinary shares in the share capital of the Company ("Ordinary Shares") at an exercise price of 1 pence per share. The aggregate gross proceeds of this exercise are £15,000.

The Company will submit an application today, for the 1,500,000 new Ordinary Shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange. Admission is expected to occur at 8:00 a.m. on 22 October 2020. 

As disclosed in the prospectus dated 29 September, the exercise of Warrants by Derek Lew will result in the Concert Party's aggregate holding increasing from approximately 35.34% to approximately 35.53% of the Company's share capital as enlarged by such exercise (assuming that no other share issues or transfers affecting Concert Party members take place between Admission and the exercise of the Warrants). The Takeover Panel have agreed with the Company that such exercise will not trigger a mandatory offer under Rule 9 of the City Code.

The new ordinary shares will rank pari passu with the existing ordinary shares of the Company. Following the issue of the new ordinary shares, the Company's issued share capital will comprise of 516,117,362 ordinary shares (including the 1,500,000 new ordinary shares). This figure of 516,117,362 ordinary shares 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 under the FCA's Disclosure and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Derek Lew
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	Guild Esports plc
b)	LEI	213800IE96YMHXDJ7H92
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, type of instrument	Ordinary shares
	Identification Code	GB00BMWVF760
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 pence  1,500,000
d)	Aggregated information: ·   Aggregated volume ·   Price	1,500,000 Ordinary Shares 1 pence per Ordinary Share
e)	Date of the transaction	16 October 2020
f)	Place of the Transaction	Outside a trading venue

FOR FURTHER INFORMATION, PLEASE CONTACT:  

Guild Esports
Carleton Curtis Executive Chairman Kal Hourd Chief Executive Neil Thapar Investor Relations	via Tancredi [phone] [phone]
Mirabaud
Corporate Broker Peter Krens	[phone]
Zeus Capital
Corporate Broker John Goold Benjamin Robertson	[phone]
Tancredi Intelligent Communication Media Relations
Salamander Davoudi [e-mail] Emma Valgimigli [e-mail] Helen Humphrey [e-mail]	[phone] [phone] [phone]

 

END

 

 

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