Gfinity Regulatory News (GFIN)

27 May 2020

Gfinity plc

("Gfinity" or the "Company")

Block admission application

Gfinity (AIM: GFIN), a world-leading esports and gaming solutions provider, announces that an application has been made to the London Stock Exchange for a block admission to trading on AIM of 143,842,750 new ordinary shares of 0.1 pence each in the Company ("New Ordinary Shares") (the "Block Admission"). The Block Admission is being made for the issue and allotment of any New Ordinary Shares arising from:

· the exercise of warrants issued pursuant to the placing announced on 2 April 2020; and

· the exercise of options pursuant to the employee share option scheme.

Upon issue, the New Ordinary Shares will be issued credited as fully paid and rank pari passu in all respects with the existing ordinary shares of the Company. In accordance with rule 29 of the AIM Rules for Companies, the number of New Ordinary Shares issued and allotted under the Block Admission arrangement will be announced every six months.

It is expected that the Block Admission will become effective on or around 29 May 2020. 

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About Gfinity

Gfinity (AIM: GFIN) is a world leading esports business. Created by gamers for the world's 2.2 billion gamers, Gfinity has a unique understanding of this fast-growing global community. It uses this expertise both to provide advisory services and to design, develop and deliver unparalleled experiences and winning strategies for game publishers, sports rights holders, commercial partners and media companies.

Gfinity connects its partners with the esports community in authentic and innovative ways. This consists of on and off-line competitions and industryleading content production. Relationships include EA SPORTS, Activision Blizzard, F1 Esports Series and the Forza Racing Championship.

Gfinity connects directly with competitive gaming consumers through its growing community of gamers on its own platforms: Gfinityesports, RealSport101 and StealthOptional.

All Gfinity services are underpinned by the Company's proprietary technology platform delivering a level playing field for all competitors and supporting scalable multi-format leagues, ladders and knockout competitions.