REG - Gfinity PLC - Result of General Meeting

GfinityAnnouncement

06/03/2023 12:30

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RNS Number : 0344S  Gfinity PLC  06 March 2023

 

 

     06 March 2023

 

 

Gfinity PLC

 ("Gfinity", the "Company" or the "Group")

 

Result of General Meeting

 

Gfinity plc (AIM: GFIN the leading esports solutions provider, is pleased to
announce that further to its announcement of 13 February 2023 in relation to
the fundraising which has raised £2 million (the "Fundraise Announcement"),
at the General Meeting held earlier today at 10.00 a.m. (UK), all resolutions
were duly passed. Accordingly, it is expected that Admission will become
effective and dealings in the 1,333,333,334 Conditional Placing and
Subscription Shares will commence at 8.00 a.m. on 07 March 2023.

 

Following Admission of the Placing and Subscription Shares, the issued share
capital of the Company will consist of 2,649,029,913 Ordinary Shares, with one
voting right each. The Company does not hold any Ordinary Shares in treasury.

 

The above figures may be used by shareholders in the Company, following
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 share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

Words and phrases defined in the Fundraise Announcement will have the same
meanings in this announcement.

 

Enquiries:

 Gfinity plc                                                                  www.gfinityplc.com (http://www.gfinityplc.com/)

 Neville Upton, Executive Chairman                                            ir@gfinity.net (mailto:ir@gfinity.net)

 Jonathan Hall, Chief Finance and Operating Officer

 Canaccord Genuity Limited (Nominated Adviser, Sole Bookrunner & Sole         Tel:+44 (0)207 523 8150
 Broker)

 Bobbie Hilliam / Patrick Dolaghan

 

 

About Gfinity

 

Gfinity is a leading media and technology company in the fast-growing esports
and gaming sector.  Founded in late 2012, Gfinity established itself as
esports and community engagement experts. More recently, the company's
business model has evolved to reflect the rapidly developing gaming market,
sharpening its strategic focus, based on 3 distinct areas:

 

Gfinity Digital Media is made up of 11 sites that reach up to 15 million
monthly unique active users and delivers 75 million impressions per month
across its social network of over 7,000,000 followers.

 

The Gfinity Engagement Platform (Athlos) is a fully configurable, white-label,
bespoke solution, designed to maximise community engagement through
competitive play, and is already trusted by some of the world's biggest gaming
and esports organisations.

 

Our JVs and Partnerships - Esports Solutions - allow the Company to benefit
from co-owned ideas, working with partners who value and benefit from
Gfinity's expertise, to create products such as the Global Racing Series with
Abu Dhabi Motorsport Management, and esports activities for Manchester United
FC, and Formula 1.

 

 

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