TIDMGFIN

RNS Number : 7976G

Gfinity PLC

31 March 2022

 
   31 March 2022 
 

Gfinity PLC

( "Gfinity", the "Company" or the "Group")

Director/PDMR Shareholdings

Gfinity plc (AIM: GFIN), a world leading esports solutions provider, confirms that as part of the Fundraising to raise GBP2.70 million announced on 14 March 2022, the following Directors have subscribed for a total of 7,600,000 New Ordinary Shares of 0.1p each in the Company at the Placing Price of 1.25 pence, as detailed below:

 
 Director         Role                                 No. of New              No. of New         No. of Ordinary 
                                                         Ordinary         Ordinary Shares             Shares held 
                                                      Shares held              subscribed            on Admission 
                                                         prior to                     for 
                                                    the Fundraise 
                  Chief Executive 
 John Clarke       Officer                              1,847,222               2,000,000               3,847,222 
                 -----------------  -----------------------------  ----------------------  ---------------------- 
                  Chief Finance 
                   and Operating 
 Jonathan Hall     Officer                              1,472,222               2,000,000               3,472,222 
                 -----------------  -----------------------------  ----------------------  ---------------------- 
                  Non-Executive 
 Len Rinaldi       Director                                     -               2,000,000               2,000,000 
                 -----------------  -----------------------------  ----------------------  ---------------------- 
                  Non-Executive 
 Hugo Drayton      Director                                     -               1,600,000               1,600,000 
                 -----------------  -----------------------------  ----------------------  ---------------------- 
 

The Director participation is in line with that announced in the Fundraising announcement of 14 March 2022 and follows the release of the Company's interim results for the six months ended 31 December 2021 and the cessation of the applicable close period for Director dealings.

The issue of the subscription shares is conditional upon shareholder approval at the Company's General Meeting on 01 April 2022. The Company provides further PDMR disclosure forms below, that are also being submitted online to the FCA, in relation to the Subscription Shares.

Terms and definitions used in this announcement shall have the same meaning as ascribed to them in the Fundraising Announcement released at 5:04 p.m. on 14 March 2022, unless the context requires otherwise.

For further information, please contact:

 
 Gfinity plc                                 www.gfinityplc.com 
  John Clarke, CEO                            Via Teneo 
 
 Teneo (Media)                               Tel: +44 7880 715975 
  Anthony Di Natale                           Gfinity@teneo.com 
 
   Canaccord Genuity Limited (Nominated        Tel: +44 (0)207 523 
   Adviser, Sole Bookrunner & Sole Broker)     8150 
   Bobbie Hilliam / Patrick Dolaghan 
 
 

The information below set out in accordance with the requirement of the EU Market Abuse Regulation provides further detail.

 
 1    Details of the person discharging managerial responsibilities 
 a)   Name                      John Clarke 
     ------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status           Chief Executive Officer 
     ------------------------  ----------------------------------------------- 
 b)   Initial notification/     Initial notification 
       Amendment 
     ------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                      Gfinity plc 
     ------------------------  ----------------------------------------------- 
 b)   LEI                       213800GNV14EDQNRWI17 
     ------------------------  ----------------------------------------------- 
 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            Ordinary shares of 0.1 pence each 
       the financial 
       instrument 
     ------------------------  ----------------------------------------------- 
 b)   Identification            GB00BT9QD572 
       code of the Financial 
       Instrument 
     ------------------------  ----------------------------------------------- 
 c)   Nature of the             Subscription for shares 
       transaction               For every New Ordinary Share subscribed 
                                 for as part of the Fundraising, John Clarke 
                                 has been issued with one warrant to subscribe 
                                 for one Ordinary Share at the Issue Price. 
     ------------------------  ----------------------------------------------- 
 d)   Price(s) and                Price(s)      Volume(s) 
       volume(s)                   GBP 0.0125    2,000,000 
                                                ---------- 
     ------------------------  ----------------------------------------------- 
 e)   Aggregated information:   Aggregated Volume: 2,000,000 
       volume, Price             Aggregated Price: GBP 25,000 
     ------------------------  ----------------------------------------------- 
 f)   Date of the transaction   30 March 2022 
     ------------------------  ----------------------------------------------- 
 g)   Place of the              Off Market 
       transaction 
     ------------------------  ----------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
 a)   Name                      Jonathan Hall 
     ------------------------  ------------------------------------------ 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status           Chief Finance and Operating Officer 
     ------------------------  ------------------------------------------ 
 b)   Initial notification/     Initial notification 
       Amendment 
     ------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                      Gfinity plc 
     ------------------------  ------------------------------------------ 
 b)   LEI                       213800GNV14EDQNRWI17 
     ------------------------  ------------------------------------------ 
 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            Ordinary shares of 0.1 pence each 
       the financial 
       instrument 
     ------------------------  ------------------------------------------ 
 b)   Identification            GB00BT9QD572 
       code of the Financial 
       Instrument 
     ------------------------  ------------------------------------------ 
 c)   Nature of the             Subscription for shares 
       transaction               For every New Ordinary Share subscribed 
                                 for as part of the Fundraising, Jonathan 
                                 Hall has been issued with one warrant to 
                                 subscribe for one Ordinary Share at the 
                                 Issue Price. 
     ------------------------  ------------------------------------------ 
 d)   Price(s) and                Price(s)      Volume(s) 
       volume(s)                   GBP 0.0125    2,000,000 
                                                ---------- 
     ------------------------  ------------------------------------------ 
 e)   Aggregated information:   Aggregated Volume: 2,000,000 
       volume, Price             Aggregated Price: GBP 25,000 
     ------------------------  ------------------------------------------ 
 f)   Date of the transaction   30 March 2022 
     ------------------------  ------------------------------------------ 
 g)   Place of the              Off Market 
       transaction 
     ------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
 a)   Name                      Len Rinaldi 
     ------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status           Non-Executive Director 
     ------------------------  ----------------------------------------------- 
 b)   Initial notification/     Initial notification 
       Amendment 
     ------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                      Gfinity plc 
     ------------------------  ----------------------------------------------- 
 b)   LEI                       213800GNV14EDQNRWI17 
     ------------------------  ----------------------------------------------- 
 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            Ordinary shares of 0.1 pence each 
       the financial 
       instrument 
     ------------------------  ----------------------------------------------- 
 b)   Identification            GB00BT9QD572 
       code of the Financial 
       Instrument 
     ------------------------  ----------------------------------------------- 
 c)   Nature of the             Subscription for shares 
       transaction               For every New Ordinary Share subscribed 
                                 for as part of the Fundraising, Len Rinaldi 
                                 has been issued with one warrant to subscribe 
                                 for one Ordinary Share at the Issue Price. 
     ------------------------  ----------------------------------------------- 
 d)   Price(s) and                Price(s)      Volume(s) 
       volume(s)                   GBP 0.0125    2,000,000 
                                                ---------- 
     ------------------------  ----------------------------------------------- 
 e)   Aggregated information:   Aggregated Volume: 2,000,000 
       volume, Price             Aggregated Price: GBP 25,000 
     ------------------------  ----------------------------------------------- 
 f)   Date of the transaction   30 March 2022 
     ------------------------  ----------------------------------------------- 
 g)   Place of the              Off Market 
       transaction 
     ------------------------  ----------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
 a)   Name                      Hugo Drayton 
     ------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status           Non-Executive Director 
     ------------------------  ----------------------------------------------- 
 b)   Initial notification/     Initial notification 
       Amendment 
     ------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                      Gfinity plc 
     ------------------------  ----------------------------------------------- 
 b)   LEI                       213800GNV14EDQNRWI17 
     ------------------------  ----------------------------------------------- 
 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            Ordinary shares of 0.1 pence each 
       the financial 
       instrument 
     ------------------------  ----------------------------------------------- 
 b)   Identification            GB00BT9QD572 
       code of the Financial 
       Instrument 
     ------------------------  ----------------------------------------------- 
 c)   Nature of the             Subscription for shares 
       transaction               For every New Ordinary Share subscribed 
                                 for as part of the Fundraising, Hugo Drayton 
                                 has been issued with one warrant to subscribe 
                                 for one Ordinary Share at the Issue Price. 
     ------------------------  ----------------------------------------------- 
 d)   Price(s) and                Price(s)      Volume(s) 
       volume(s)                   GBP 0.0125    1,600,000 
                                                ---------- 
     ------------------------  ----------------------------------------------- 
 e)   Aggregated information:   Aggregated Volume: 1,600,000 
       volume, Price             Aggregated Price: GBP 20,000 
     ------------------------  ----------------------------------------------- 
 f)   Date of the transaction   30 March 2022 
     ------------------------  ----------------------------------------------- 
 g)   Place of the              Off Market 
       transaction 
     ------------------------  ----------------------------------------------- 
 

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