Gfinity PLC Appointment and grant of share options (0047Y)
May 03 2019 - 1:00AM
UK Regulatory
TIDMGFIN
RNS Number : 0047Y
Gfinity PLC
03 May 2019
3 May 2019
Gfinity plc
("Gfinity" or the "Company")
Appointment of John Clarke as Global Brand and Marcomms Officer
and
grant of share options
Gfinity plc (AIM: GFIN), a world leading esports solutions
provider, announces the appointment of John Clarke to the newly
created role of Global Brand and Marcomms Officer with immediate
effect. John was appointed as Non-Executive Director of Gfinity plc
in September 2018 and will now become an Executive Director. He
will work alongside Executive Chairman, Garry Cook, and Global
Chief Operating Officer, Graham Wallace, to deliver the Company's
strategic plan and growth targets.
John is an experienced communications executive having worked in
and with leading global companies for the last 25 years. Prior to
joining Gfinity, John worked for HEINEKEN N.V. where he was Head of
Global Communications and, most recently, a senior commercial
director within Lagunitas Brewing Company, a 100% owned subsidiary
of HEINEKEN N.V. Previously he held senior leadership, corporate
affairs and marketing positions within The American Express Company
and Burson-Marsteller Public Relations.
As the Company grows, Gfinity is committed to appointing
additional Non-Executive Directors to further strengthen the
Board.
Garry Cook, Executive Chairman, said: "I am delighted to welcome
John to the Gfinity team. We have already seen in the short period
of time that John has been a Non-Executive Director the value he
brings. He is a seasoned leader and team builder who adds
creativity, commercial acumen and fresh thinking. John's focus on
the consumer and ability to share stories in a compelling way will
drive Gfinity forward as we move into the next phase of growth. The
competitive gaming landscape continues to grow. Gfinity is well
placed to lead in this space based on our advisory capability and
expertise in designing, developing and delivering esport
solutions."
Grant of share options
The Company's remuneration committee has agreed that John is
today issued with options over 3,000,000 new ordinary shares in the
Company ("Options"); 2,083,333 under the Company's approved EMI
share option scheme and 916,667 under the Company's unapproved
scheme.
The Options have an exercise price of 12p per share and become
exercisable over two years as follows: one third from the date of
grant; one third from the first anniversary of the date of grant;
and one third from the second anniversary of the date of grant. The
Options expire on the tenth anniversary of the date of grant if not
exercised.
Following the grant of the Options, the Company has a total of
54,367,754 options over ordinary shares outstanding, representing
approximately 14.98 per cent of the Company's issued share
capital.
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 John Clarke
-------------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Global Brand and Marcomms Officer
(PDMR)
-------------------------------- ----------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Gfinity plc
-------------------------------- ----------------------------------------
b) LEI 213800GNV14EDQNRWI17
-------------------------------- ----------------------------------------
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 Options over ordinary shares of
instrument, type of instrument 0.1p each in Gfinity plc
Identification code
Identification code (ISIN) for Gfinity
plc ordinary shares: GB00BT9QD572
-------------------------------- ----------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
12.00p 3,000,000
----------
-------------------------------- ----------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- ----------------------------------------
e) Date of the transactions 3 May 2019
-------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------------
-ENDS-
Enquiries:
Gfinity plc 020 7260 2700
Garry Cook (via Teneo) Gfinity@teneo.com
Teneo 020 7260 2700
Camilla Cunningham Gfinity@teneo.com
Allenby Capital Limited - Nominated Adviser
and Joint Broker 020 3328 5656
Jeremy Porter / John Depasquale
Shore Capital - Joint Broker 020 7408 4090
Patrick Castle
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 our 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
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END
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