First Day of Dealings

RNS Number : 8808A

Guild Esports PLC

02 October 2020

 

NOT FOR PUBLICATION OR RELEASE IN OR INTO THE UNITED STATES OR AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA, OR ANY PROVINCE OR TERRITORY THEREOF OR TO OR FOR THE ACCOUNT OF ANY NATIONAL, RESIDENT OR CITIZEN OF THE UNITED STATES OR ANY PERSON RESIDENT IN AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA.

For immediate release

2 October 2020

Guild Esports PLC

("Guild Esports" or "the Company")

First day of dealings

Admission to the Official List

Guild Esports, a UK-based owner and developer of esports teams, is pleased to announce that share dealings in its ordinary shares of £0.001 each will commence on the main market of the London Stock Exchange from 8am today under the ticker symbol GILD.

The Company has been admitted to the standard segment of the Official List following a significantly oversubscribed placing of Ordinary Shares to raise £20 million before expenses for the Company.

Guild Esports is the first esports company to join the London stock market.

A total of 250,000,000 ordinary shares (representing 48.58% of the Company's issued share capital on Admission) were placed at 8 pence each, valuing Guild Esports at a market capitalisation of £41.2 million.

On admission, the Company will have 514,617,362 ordinary shares in issue.

Zeus Capital and Mirabaud Securities acted as joint bookrunner.

The purpose of the flotation is to raise the public profile and provide new funds  for the Company's expansion and long-term growth.

Commenting on Guild Esports' flotation, Carleton Curtis, Executive Chairman, said: "Guild's debut on the London stock market is a major step in the Company's development and provides a strong foundation to execute our long-term growth strategy. We are delighted with the strong support from a wide range of institutional and other investors, to build a global fan base and leading esports teams under the Guild brand."

Company highlights

Guild Esports was established in September 2019 to develop a global esports team. Esports are electronic sports, usually in the form of competitions using video or electronic games for multiple professional players and watched at a physical venue and through digital media.

Since 2019 Guild Esports has been developing its commercial relationships, its overall brand and in-house marketing technology.

Guild launched on 25 June 2020 and has already signed a leading FIFA esports player, a high calibre Rocket League team and reached an agreement for David Beckham to be the face of the Company's brand and to become a shareholder.

The Directors believe that there is significant potential in the esports market which is large and experiencing rapid growth.   The market is projected to grow to 646 million viewers by 2023 from 443 million last year.

FOR FURTHER ENQUIRIES PLEASE CONTACT:

Guild Esports
Carleton Curtis Executive Chairman Kal Hourd Chief Executive Neil Thapar Investor Relations	via Tancredi [phone] [phone]
Joint Bookrunner and Corporate Brokers
Mirabaud Securities Peter Krens Zeus Capital John Goold Benjamin Robertson	[phone] [phone]
Media Relations Tancredi Intelligent Communication
Salamander Davoudi [e-mail] Emma Valgimigli [e-mail] Helen Humphrey h elen @tancredigroup.com	[phone] [phone] [phone]

 

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