Last checked at 17 Nov 2015 07:00
17 November 2015
Gfinity plc
("Gfinity" or the "Company")
Subscription Offer and Issue of Equity
Further to the announcement on 10 November 2015, Gfinity (AIM: GFIN), a leading eSports business, is pleased to announce that it has raised £58,000 by way of a subscription offer ("Subscription") for 305,263 new ordinary shares of 0.1 pence each ("Subscription Shares") at 19 pence per share.
The Subscription was open to existing Gfinity shareholders in order to provide the opportunity to invest in the Company at the same price as those who participated in the Placing, announced on 2 November 2015, which raised £1 million. The Subscription has now closed.
It is expected that the Admission of the Subscription Shares to AIM will become effective and dealings in these shares will commence on 23 November 2015.
Following Admission, the total number of ordinary shares in issue will be 83,413,570. This figure may be used by shareholders 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 and Transparency Rules.
Enquiries:
Gfinity plc | |
Jonathan Hall, Finance Director Neville Upton, Chief Executive Officer | +44 330 223 0860 |
Arden Partners plc - Nominated Adviser and Broker | |
Chris Hardie, Ciaran Walsh | +44 20 7614 5900 |
Luther Pendragon - PR adviser to Gfinity | |
Harry Chathli, Alexis Gore, Oliver Hibberd | +44 20 7618 9100 |