Guild Esports PLC Company update and strategic review
August 01 2024 - 1:00AM
RNS Regulatory News
RNS Number : 6845Y
Guild Esports PLC
01 August 2024
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
1 August 2024
Guild Esports PLC
("Guild Esports",
"Guild" or "the Company")
Company update and strategic
review
Guild Esports (LSE: GILD), a global
gaming-focused media business, announces preliminary findings from
its ongoing strategic review including the Company's financial
position.
Guild Esports' cash position was £25,000 as at
31 July 2024. The Company's confirmed liabilities until the end of
September 2024 total £1.36 million, with accounts receivable
amounting to £1.52 million.
The Company is actively exploring a range of
options to allow the Company to meet its short-term liabilities as
they fall due. Measures under consideration include securing
additional funding, negotiating improved payment terms with
creditors, and further cost reduction initiatives to conserve cash
reserves.
In addition to the fundraising avenues, the
Board is reviewing the strategic direction of the Company,
including the realisation of assets to generate cash or whether the
Company would be best served by being part of a larger
group.
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). Please visit www.guildesports.com for more
information.
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END
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