Gfinity PLC Result of GM (7802G)
November 08 2018 - 4:32AM
UK Regulatory
TIDMGFIN
RNS Number : 7802G
Gfinity PLC
08 November 2018
Gfinity plc
("Gfinity" or the "Company")
Result of General Meeting and completion of placing
Gfinity plc (AIM: GFIN), a world-leading esports solutions
provider, is pleased to announce that all resolutions put to
shareholders at the Company's General Meeting held earlier today
have been passed.
Accordingly, pursuant to the placing announced on 22 October
2018, the 75,000,000 new ordinary shares of 0.1p each (the "Placing
Shares") are expected to be admitted to trading on AIM tomorrow, 9
November 2018 ("Admission"), to complete the placing.
Total Voting Rights
On Admission, the Company will have 362,897,087 ordinary shares
of 0.1p each in issue, each with one voting right. There are no
shares held in treasury. Therefore, the Company's total number of
ordinary shares and voting rights is 362,897,087.
The above figure of 362,897,087 may be used by shareholders from
Admission 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 Company under the FCA's
Disclosure Guidance and Transparency Rules.
Enquiries:
Gfinity plc www.gfinityplc.com
Garry Cook, Executive Chairman Via Walbrook PR
Allenby Capital Limited - AIM Nominated Tel: +44 (0) 20 3328
Adviser and Joint Broker 5656
Jeremy Porter / John Depasquale
Shore Capital - Joint Broker Tel: +44 (0) 20 7408
4090
Patrick Castle
Walbrook PR (Media & Investor Relations) Tel: +44 (0) 20 7933
8780
Paul Cornelius / Sam Allen gfinity@walbrookpr.com
About Gfinity
Gfinity (AIM: GFIN) is a world-leading esports solutions
provider. Its business to business platform, "Powered by Gfinity",
delivers managed services to game publishers, sports rights
holders, commercial partners and media companies. Gfinity creates
bespoke solutions, including competitions and industry leading
content production, connecting its partners with the esports
community in authentic and innovative ways. Partnerships include EA
SPORTS, F1 Esports Series, Halo World Championship and the Forza
Racing Championship.
Gfinity connects directly with competitive gaming consumers
through its owned competition platform, the "Gfinity Elite Series".
The Series enables competitive gamers to be part of the Gfinity
community, testing themselves and developing new skills, while
providing a pathway for those who aspire to a career in esports to
join a leading professional team. "Gfinity Elite Series" content is
distributed through linear and digital channels and is enjoyed by
tens of millions of esports fans around the world.
All Gfinity managed service solutions and owned competitions are
underpinned by its proprietary technology platform delivering a
level playing field for all competitors and supporting scalable
multi-format leagues, ladders and knock out competitions.
More information about Gfinity is available at
www.gfinityplc.com
Information to Distributors
Solely for the purposes of the product governance requirements
contained within: (a) EU Directive 2014/65/EU on markets in
financial instruments, as amended ("MiFID II"); (b) Articles 9 and
10 of Commission Delegated Directive (EU) 2017/593 supplementing
MiFID II; and (c) local implementing measures (together, the
"Product Governance Requirements"), and disclaiming all and any
liability, whether arising in tort, contract or otherwise, which
any "manufacturer" (for the purposes of the Product Governance
Requirements) may otherwise have with respect thereto, the Placing
Shares have been subject to a product approval process, which has
determined that the Placing Shares are: (i) compatible with an end
target market of retail investors and investors who meet the
criteria of professional clients and eligible counterparties, each
as defined in MiFID II; and (ii) eligible for distribution through
all distribution channels as are permitted by MiFID II (the "Target
Market Assessment"). Notwithstanding the Target Market Assessment,
investors should note that: the price of the Placing Shares may
decline and investors could lose all or part of their investment;
Placing Shares offer no guaranteed income and no capital
protection; and an investment in Placing Shares is compatible only
with investors who do not need a guaranteed income or capital
protection, who (either alone or in conjunction with an appropriate
financial or other adviser) are capable of evaluating the merits
and risks of such an investment and who have sufficient resources
to be able to bear any losses that may result therefrom. The Target
Market Assessment is without prejudice to the requirements of any
contractual, legal or regulatory selling restrictions in relation
to the Placing. Furthermore, it is noted that, notwithstanding the
Target Market Assessment, only investors who have met the criteria
of professional clients and eligible counterparties have been
procured. For the avoidance of doubt, the Target Market Assessment
does not constitute: (a) an assessment of suitability or
appropriateness for the purposes of MiFID II; or (b) a
recommendation to any investor or group of investors to invest in,
or purchase, or take any other action whatsoever with respect to
Placing Shares.
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.
END
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