REG - Gfinity PLC - Award of share options

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RNS Number : 8951T  Gfinity PLC  20 February 2026

 

For immediate release

20 February 2026

Gfinity Plc

("Gfinity" or the "Company")

Award of Share Options

 

The Board of Gfinity announces that on 20 February 2026, the Company awarded
258,333,333 new options (representing 4.95 per cent. of the current issued
share capital) to Directors of the Company.

In making the option awards, the Board considers that the management
remuneration and incentives align with long-term shareholder value creation
and provide commercial protections for the Company and its shareholders as a
whole. In particular, the Directors have not received any remuneration in the
current financial year and believe that the award of options in lieu of a cash
remuneration, which will vest and be exercisable immediately on award, aligns
their interests with shareholders.

 

The options exercise price of 0.0475p per new Ordinary Share has also been set
at the same issue price as the last placing notified in November 2025 and
represents a 53 per cent. premium to the mid-market closing price of 0.031p of
the Ordinary Shares as at 19 February 2026, and a 59 per cent. premium to the
30-day volume weighted average share price for the 30 trading days ended 19
February 2026.  The new options will lapse ten years after the date of the
award, being 19 February 2036.

 

Further details of the new options awards are as follows:

 Individual         Number of new options
 Directors:
 David Halley       200,000,000
 Neville Upton      33,333,333
 Hugo Drayton       25,000,000

 Total              258,333,333

 

There have been no other option awards or issue of Ordinary Shares to
Directors in the 12 month period prior to this notification. A copy of this
announcement:   www.gfinityplc.com (http://www.gfinityplc.com/)

Enquiries :

 Gfinity Plc                          David Halley      +44 (0)7516 948427

 Beaumont Cornish Limited             Roland Cornish    +44 (0)207628 3369

 Nominated Adviser and Joint Broker   Michael Cornish   www.beaumontcornish.co.uk (http://www.beaumontcornish.co.uk/)

                                      Felicity Geidt

 

Other information

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

Appendix

The following disclosure is made in accordance with Article 19 of the EU
Market Abuse Regulation 596/2014.

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         1.    David Halley

                                                                   2.    Neville Upton

                                                                   3.    Hugo Drayton
 2    Reason for the notification

 a)   Position/status                                              1. Chief Executive Officer

                                                                   2. Non-Executive Chairman

                                                                   3. Non-Executive Director
 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 instrument, type of instrument  Options over Ordinary Shares of 0.01p each ("Ordinary Shares")

      Identification code                                          ISIN: GB00BT9QD572

 b)   Nature of the transaction                                    Issue of Options over Ordinary Shares

 c)    Price(s) and volume(s)

Director          Exercise Price per Option     Volume(s)
                                                                   David Halley      £0.000475                     200,000,000
                                                                   Neville Upton     £0.000475                     33,333,333
                                                                   Hugo Drayton      £0.000475                     25,000,000
 d)   Aggregated information

      - Aggregated volume                                          258,333,333 options over new Ordinary Shares

      - Price                                                      £0.000475p

 e)   Date of the transaction                                       20 February 2026

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

258,333,333 options over new Ordinary Shares

- Price

£0.000475p

 

e)

 

Date of the transaction

 

 20 February 2026

f)

 

Place of the transaction

 

Outside a trading venue

 

ENDS

 

 

 

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