Gfinity Regulatory News (GFIN)

For immediate release

30 August 2023

Gfinity PLC

("Gfinity" or the "Company")

Result of General Meeting

Admission

The Board of Gfinity plc (AIM:GFIN) is pleased to announce that all the Resolutions required to implement the Subscription and the Share Capital Reorganisation were passed on a poll at the General Meeting held earlier today.

The Record date and time for the Share Capital Reorganisation is as previously announced, 6.00 p.m. today. 

Pursuant to the Share Capital Reorganisation, each Existing Ordinary Share currently in issue will be subdivided into one New Ordinary Share of 0.01 pence each and one Deferred Share of 0.09 pence each. Immediately following the Share Capital Reorganisation, the number of New Ordinary Shares in issue will be the same as the number of Existing Ordinary Shares currently in issue, in each case excluding the Subscription Shares, which as at the date of this announcement is 2,649,029,913. The New Ordinary Shares arising on the Share Capital Reorganisation on Admission will have the same rights as those currently attaching to the Existing Ordinary Shares under the Articles, including the rights relating to voting and entitlement to dividends. New share certificates for New Ordinary Shares will not be issued and the existing certificates will remain valid.

Application has been made for Admission to trading on AIM for the New Ordinary Shares arising on the Share Capital Reorganisation, and the 750,000,000 Subscription Shares which have been issued pursuant to the Subscription, and it expected that the New Ordinary Shares will be admitted to trading to AIM at 8.00 a.m. on 31 August 2023.

Following completion of the Share Capital Reorganisation and Subscription there will be 3,399,029,913 New Ordinary Share in issue.

Words and phrases defined in the announcement dated 9 August 2023 will have the same meanings in this announcement.

Other Information

Further information is available from the Company's website as well as a copy of this announcement: www.gfinityplc.com

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