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Issue of Equity

17 Jun 2026 07:00

RNS Number : 5605I
Gfinity PLC
17 June 2026
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

 

This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Gfinity PLC or other evaluation of any securities of Gfinity PLC or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

 

This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). In addition, market soundings (as defined in UK MAR) were taken in respect of certain of the matters contained in this Announcement, with the result that certain persons became aware of such inside information, as permitted by UK MAR. Upon the publication of this Announcement, this inside information is now considered to be in the public domain and such persons shall therefore cease to be in possession of inside information.

 

For immediate release

17 June 2026

Gfinity PLC

("Gfinity" or the "Company")

Issue of equity

The Board of Gfinity plc (AIM: GFIN) is pleased to announce that the Company has today, conditional on Admission, raised £250,000 through a Company arranged subscription ("Subscription") at a price of 0.035p per new Ordinary Share (the "Issue Price").

David Halley, CEO of Gfinity, commented:

"Proceeds from this fundraise will be used to accelerate the commercialisation of Connected IQ and extend the Company's operational runway.

The funds will support the scaling of Connected IQ, including agency business development, platform enhancements - such as the AI agentic media planning tool and self-serve interface - and white-label licensing partnerships that offer a capital-light route to broader market penetration.

The remainder will provide general working capital to support the Group's ongoing overhead as it executes against its growth targets."

 

Fundraising

The Company has today raised £250,000 (before expenses) through a direct Subscription, conditional on admission, at the Issue Price. The Subscription Shares will, when issued, rank pari passu in all respects with the existing ordinary shares. CMC Markets UK Plc trading as CMC CapX, acted as the Company's placing agent in respect of the placing.

The Issue Price represents a discount of 30 percent to the closing mid-market price per share of 0.05p on 16 June 2026 (being the last practicable date prior to the announcement of the Subscription). The Company will issue new 714,285,714 Ordinary Shares ("Subscription Shares") pursuant to the Subscription, which has been arranged within the Company's remaining share authorities.

The proceeds (before expenses) from the Subscription, amounting to £250,000, will be used to continue the ongoing commercialisation of CIQ, new business opportunities and provide general working capital.

The Subscription Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application will be made for admission to trading on AIM of the Subscription Shares and which is expected to take place on or around 23 June 2026.

Current trading

Gfinity's Digital Media division had a steady quarter ended 31 March ("Q1 FY26"), maintaining the progress achieved last year, in what is typically the toughest quarter of the year for digital media. The team have a clear product development pipeline to take advantage of opportunities in the gaming industry for the second half.

 

Connected IQ was strengthened through the addition of a dedicated commercial function during Q4 FY25 and Q1 FY26, resulting in a robust pipeline of opportunities across advertising agencies and global brands. In 2026, revenue has been recognised from Iris, the Company's US data partner, and UK revenue is expected to follow in June 2026, providing further validation of the business model.

 

Yentra.AI continues to develop its AI infrastructure layer, enabling organisations to integrate artificial intelligence directly into their workflows and teams. The division has completed a full minimum viable product and has executed a Memorandum of Understanding with a UK-based university to pilot the product within its Business School, marking a significant step towards commercial deployment.

 

Total Voting Rights

Following the issue of the New Shares, the Company's issued share capital consists of 5,936,308,108 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation 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 Financial Conduct Authority's Disclosure and Transparency Rules.

 

Other Information

A copy of this announcement is available at the Company's website: www.gfinityplc.com

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). The person who arranged for the release of this announcement on behalf of the Company was David Halley, Chief Executive.

 

 

Enquiries:

Gfinity Plc

David Halley

 

+44 (0)7516 948427

Beaumont Cornish Limited

Nominated Adviser and Broker

Roland Cornish

Michael Cornish

 

+44 (0)207 628 3396

www.beaumontcornish.co.uk

 

Further Information

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with this announcement and will not regard any other person as its client and will not be responsible to anyone else for providing the protections afforded to the clients of Beaumont Cornish or for providing advice in relation to such proposals. Beaumont Cornish has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Beaumont Cornish for the accuracy of any information, or opinions contained in this document or for the omission of any information. Beaumont Cornish as nominated adviser to the Company owes certain responsibilities to the London Stock Exchange which are not owed to the Company, the Directors, Shareholders, or any other person.

Forward Looking Statements

Certain statements in this announcement are or may be deemed to be forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures, competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward looking statements.

 

ENDS

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END
 
 
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Date   Source Headline
17th Jun 20267:00 amRNSIssue of Equity
12th Jun 20263:25 pmRNSHolding(s) in Company
23rd Mar 20267:00 amRNSHalf-year Financial Report
24th Feb 20265:46 pmRNSHolding(s) in Company
20th Feb 20263:30 pmRNSAward of share options
9th Jan 20264:31 pmRNSResult of AGM
22nd Dec 20257:00 amRNSHolding(s) in Company
22nd Dec 20257:00 amRNSHolding(s) in Company
17th Dec 20254:45 pmRNSFinal Results and Notice of AGM
8th Dec 20252:55 pmRNSHolding(s) in Company
26th Nov 20251:05 pmRNSResult of Meeting
11th Nov 202511:05 amRNSProposed Fundraising and Notice of General Meeting
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8th Sep 20257:00 amRNS-RYentra.AI and TTRO Announce Strategic Partnership
2nd Sep 202511:46 amRNSCorporate update
7th May 20257:00 amRNSIssue of Equity
2nd May 20257:00 amRNSCorporate update
19th Mar 20252:25 pmRNSHalf-year Report
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5th Feb 202511:08 amRNSNew business development and funding
31st Jan 20252:25 pmRNSResult of Meeting
16th Jan 20255:00 pmRNSNotice of GM
13th Jan 20251:15 pmRNSRestoration of trading
13th Jan 20251:15 pmRNSRestoration - Gfinity plc
13th Jan 20257:00 amRNSFinal Results
2nd Jan 20257:30 amRNSSuspension - Gfinity plc
18th Dec 20245:00 pmRNSResult of AGM, Accounts and trading update
22nd Nov 20242:00 pmRNSNotice of AGM
11th Nov 20242:35 pmRNSNew business development and trading update
7th Oct 20247:00 amRNSDirector/PDMR Shareholding
26th Sep 20243:00 pmRNSDirector/PDMR Shareholding
26th Sep 202411:15 amRNSTrading update and funding
3rd Jul 20245:48 pmRNSHolding(s) in Company
19th Mar 20247:00 amRNSHalf-year Report
14th Feb 20242:38 pmRNSResult of meeting and change of registered office
30th Jan 20248:50 amRNSNotice of GM
22nd Dec 20237:00 amRNSFinal Results
21st Dec 20235:35 pmRNSResult of AGM
5th Dec 20237:00 amRNSDisposal
27th Nov 20237:00 amRNSDisposal
24th Nov 20234:50 pmRNSNotice of AGM
7th Sep 20237:00 amRNSDirector/PDMR Shareholding
6th Sep 20237:00 amRNSDirector/PDMR Shareholding
5th Sep 20237:00 amRNSDirector/PDMR Shareholding
1st Sep 20237:00 amRNSHolding(s) in Company
31st Aug 202312:46 pmRNSTotal Voting Rights
30th Aug 202311:44 amRNSResult of Meeting
23rd Aug 202311:21 amRNSDirectorate Change

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