Grant of Share Options

RNS Number : 9120H

Gfinity PLC

03 December 2015

 

3 December 2015

Gfinity plc

("Gfinity" or "the Company")

Grant of Share Options 

Gfinity (AIM: GFIN), a leading eSports business, announces that it has awarded a total of 2,311,590 options over ordinary shares of 0.1 pence each in the Company (the "Options") to certain Directors and employees. These Options were granted under the EMI scheme ("EMI") adopted by the Company on 27 March 2014 and the Company's unapproved share option scheme ("Non-EMI Approved Options").

The Options were issued to Directors and employees on 2 December 2015 and the exercise price was set at 19.62 pence per share, being the closing market price on 1 December 2015.

The Options are exercisable on approval by the Board, or in event of sale of business. The Options expire on the tenth anniversary of the date of grant.

 The Directors that have been awarded Options are as follows:

Director	Position	Number of Options granted	Option Type	Total options held following the grant
Jonathan Hall	Finance Director	53,571	EMI	1,048,571
Ginette Jarman	Operations Director	25,510	EMI	25,510
Paul Kent	Technology & eSports Director	100,000	EMI	100,000
Philip Shuldham-Legh	Marketing Director	20,000	EMI	543,000
Jon Varney	Non-Executive Director	200,000	Non-EMI Approved Options	200,000

In aggregate, the 399,082 Options granted to the Directors represent approximately 0.48 per cent. of the existing issued share capital of the Company.

Following the grant of the Options, the total number of ordinary shares outstanding under option arrangements will be 6,349,102 ordinary shares representing 7.61 per cent. of the Company's issued share capital.

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 - Public Relations
Harry Chathli, Alexis Gore, Oliver Hibberd	[phone]

About Gfinity

Gfinity is a leading UK-based eSports company serving, in co-operation with games publishers, a rapidly-growing community of on-line gamers worldwide. Founded in September 2012, the Company has established a popular on-line brand, gfinity.net, where gamers can compete, socialise and enjoy a wide range of content relating to electronic games on a proprietary technology platform. This platform enables Gfinity to run a regular roster of on-line competitions, leagues and ladders with the opportunity for gamers to enter and potentially win substantial prize money and/or pit their skills against professional and widely-followed ''star'' players.

Gfinity has quickly become a widely-recognised "destination" for gamers in the UK and internationally, typically aged 18 - 34 years old. The growing user base and the demographic of Gfinity's audience, together with the sheer numbers who view Gfinity's events online, provide brand owners and advertisers with an attractive environment in which to promote their products and services, as well as offering Gfinity the opportunity to generate significant revenues over the long term.  Gfinity website: www.gfinityplc.com 

 

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