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NOT FOR PUBLICATION OR RELEASE IN OR INTO THE UNITED STATES OR AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA, OR ANY PROVINCE OR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 +44 207 887 7633

 

 

 

 

 

+44 (0) 7876 455323

Joint Bookrunner and Corporate Brokers

 

Mirabaud Securities

Peter Krens

 

Zeus Capital

John Goold

Benjamin Robertson 

 

 

+44 203 167 7221

 

 

+44 203 829 5000

Media Relations

Tancredi Intelligent Communication

 

 

Salamander Davoudi

salamander@tancredigroup.com

Emma Valgimigli

emma@tancredigroup.com

Helen Humphrey

h elen @tancredigroup.com

 

 

 

 

 

+44 7957 549 906

 

+44 7727 180 873

 

 

+44 7449 226 720

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
LISEAXEFEEKEFFA
UK 100

Latest directors dealings