REG - Guild Esports PLC - Completion of Follow-On Fundraise

Guild EsportsAnnouncement

09/11/2023 07:00

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RNS Number : 8632S  Guild Esports PLC  09 November 2023

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

 

9 November 2023

 

Guild Esports PLC

 

("Guild Esports", "Guild", or "the Company")

 

Completion of Follow-on Management & Advisor Fundraise

 

Grant of Warrants

 

Guild Esports PLC (LSE: GILD; OTCQB: GULDF), a global teams organisation and
lifestyle brand, is pleased to announce that it has completed a follow-on
fundraising (the "Fundraise"), by way of a share placing and subscription of
up to 26,000,000 new ordinary shares at a price of £0.005 per share. The
placement follows and was at the same price as the Company's recently
announced subscription.

 

The Company's executive management have subscribed for an aggregate total of
6,000,000 new ordinary shares at the placing price of £0.005 per share
representing a total contribution of £30,000, with subscriptions made by
Jasmine Skee, CEO; Nick Westwood, SVP of Creative and Strategy; Luke Jones, VP
of Commercial, Esports and Gaming; Matthew Charles, Director of Operations;
and Kristina Frost, Director of Client Services.

 

Arkios Limited ("Arkios") acted as bookrunner to the placement. John Lanyon,
CEO of Arkios and an experienced investor and active board member of multiple
technology companies, subscribed for up to 20,000,000 new ordinary shares. The
first tranche is for 10,000,000 new ordinary shares for a total contribution
of £50,000, and John Lanyon has conditionally subscribed for an additional
10,000,000 shares for a further contribution of £50,000. The second tranche
is subject to mutual agreement between the Company and John Lanyon, and the
Company expects the second tranche to complete by 31 December 2023. The
ordinary shares held by John Lanyon will be subject to a six-month lock-in
period from the date of issuance of the Tranche Two Subscription Shares.

 

Grant of Warrants

In consideration of their efforts in connection with the previously announced
subscription, the Company has granted to each of Stephen Duval and John
Lanyon warrants to subscribe for 15,000,000 and 5,000,000 ordinary shares
respectively. The warrants are exercisable at £0.005 per share (being the
price at which the subscription and Fundraise were completed) and are
exercisable for a period of three years from the date of grant.

 

Jasmine Skee, CEO of Guild Esports, commented: "We are pleased that management
and advisors have supported the Company, which stands as a vote of confidence
in Guild's strategy and solidifies the commitment of our leadership team and
advisors. This additional funding will be used together with the injection of
capital announced last month opens exciting avenues for Guild and provides us
with the means to accelerate our strategic initiatives as we look to build the
world's leading gaming-focused media brand."

 

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                                                         Jasmine Skee
 2    Reason for the notification
 a)   Position/status                                              Director
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Guild Esports PLC
 b)   LEI                                                          213800IE96YMHXDJ7H92
 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  Ordinary Shares of £0.001 each

      Identification code

                                                                    ISIN: GB00BMWVF760
 b)   Nature of the transaction                                    Subscription for Ordinary Shares
 c)   Price(s) and volume(s)                                       Name           Price   No. of shares
                                                                   Jasmine Skee  £0.005   2,000,000
 d)   Aggregated information                                       N/A single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      1 November 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

N/A single transaction

e)

Date of the transaction

1 November 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

For further information please contact:

 Guild Esports
 Jasmine Skee                                               via Tancredi +44 207 887 7633

 Chief Executive
 Tennyson Securities
 Corporate Broker                                           +44 207 186 9030

 Peter Krens
 Tancredi Intelligent Communication

 Media Relations
 Helen Humphrey                                             +44 7449 226 720

 Charlie Hobbs                                              +44 7897 557 112

 Jasmine Gadhavi                                            +44 7931 435 236

 guild@tancredigroup.com (mailto:guild@tancredigroup.com)

 

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
(http://www.guildesports.com) for more information.

 

Forward-looking statements

This Announcement includes forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties, many of which
are beyond the Company's control and all of which are based on management's
current beliefs and expectations about future events. Forward-looking
statements are sometimes identified by the use of forward-looking terminology
such as "believe", "expects", "targets", "may", "will", "could", "should",
"shall", "risk", "intends", "estimates", "aims", "plans", "predicts",
"continues", "assumes", "positioned" or "anticipates" or the negative thereof,
other variations thereon or comparable terminology. These forward-looking
statements include all matters that are not historical facts. They appear in a
number of places throughout this Announcement and include statements regarding
the intentions, beliefs or current expectations of management or the Company
concerning, among other things, the results of operations, financial
condition, prospects, growth, strategies and dividend policy of the Company
and the industry in which it operates. In particular, the statements included
in the sections entitled "Risk Factors" and "Business" of this Announcement
regarding the Company's strategy, targets and expectations in respect of the
Company's expected revenue, profit, growth, accounting tax rates, and capital
expenditure upon the operating results of the Company as well as other
expressions of the Company's targets and expectations and other future events
or prospects are forward-looking statements.

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