The information contained within
this announcement is deemed by the Company to constitute inside
information stipulated under the Market Abuse Regulation (EU) No.
596/2014, as retained as part of the law of England and Wales. Upon
the publication of this announcement via the Regulatory Information
Service, this inside information is now considered to be in the
public domain.
Press release
2 April 2024
Guild Esports
PLC
("Guild
Esports", "Guild", or "the Company")
Convertible Loan Note
Agreement
Guild Esports PLC (LSE: GILD; OTCQB:
GULDF), a global gaming-focused media business, announces that it
has entered into an unsecured convertible loan agreement ("the Loan
Agreement") with Compassare Holdings ("Compassare") for
£250,000.
Compassare will provide Guild with
the principal amount of £250,000 on a one-year term at an interest
rate of 8%. The proceeds of the Loan Agreement will be used for the
Company's working capital requirements. The loan is agreed to be
repaid with interest on 25 March 2025.
Under the Loan Agreement, Compassare
has the right to convert the principal amount into new ordinary
shares of £0.001 each in the Company at any time at least 30 days
before the final payment date. The conversion price has been set at
£0.00375, equal to an 25% premium to the Company's share price as
at 28 March 2024. The accrued interest at the date of conversion
will be payable in cash.
Compassare is an investment company
with holdings across sectors including oil and gas, food and
beverages, technology and sustainable solutions. Founded in 1988,
Compassare is based in the UAE with global investments across
Europe, the UK, the USA, MENA, and India.
For further information please
contact:
|
Guild Esports
|
|
|
Jasmine Skee
Chief Executive
|
via
Tancredi +44 207 887 7633
|
|
Tennyson Securities
|
|
|
Corporate Broker
Peter Krens
|
+44
207 186 9030
|
|
Tancredi Intelligent Communication
Media Relations
|
|
|
Helen Humphrey
Charlie Hobbs
guild@tancredigroup.com
|
+44
7449 226 720
+44
7897 557 112
|
About Guild Esports:
Guild Esports PLC is a global
gaming-focused media business that fields professional players in
gaming competitions under the Guild banner. Our in-house training
academy aims to attract and nurture the best esports talent, and
our goal is to provide the ultimate entertainment experience
alongside a distinctive lifestyle brand authentic to the esports
community worldwide. Guild is led by an experienced management team
of entertainment sector and esports veterans and co-owned by David
Beckham. The Company is headquartered in the UK and its shares are
listed on the Main Market of the London Stock Exchange (ticker:
GILD) and on the OTCQB Venture Market in the United States (ticker:
GULDF). Please visit www.guildesports.com for more
information.
