TIDMGFIN

RNS Number : 0344S

Gfinity PLC

06 March 2023

 
   06 March 2023

Gfinity PLC

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

Result of General Meeting

Gfinity plc (AIM: GFIN the leading esports solutions provider, is pleased to announce that further to its announcement of 13 February 2023 in relation to the fundraising which has raised GBP2 million (the "Fundraise Announcement") , at the General Meeting held earlier today at 10.00 a.m. (UK), all resolutions were duly passed. Accordingly, it is expected that Admission will become effective and dealings in the 1,333,333,334 Conditional Placing and Subscription Shares will commence at 8.00 a.m. on 07 March 2023.

Following Admission of the Placing and Subscription Shares, the issued share capital of the Company will consist of 2,649,029,913 Ordinary Shares, with one voting right each. The Company does not hold any Ordinary Shares in treasury.

The above figures may be used by shareholders in the Company, following Admission, 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 Guidance and Transparency Rules.

Words and phrases defined in the Fundraise Announcement will have the same meanings in this announcement.

Enquiries:

 
 Gfinity plc                                       www.gfinityplc.com 
  Neville Upton, Executive Chairman                 ir@gfinity.net 
  Jonathan Hall, Chief Finance and Operating 
  Officer 
 
   Canaccord Genuity Limited (Nominated Adviser,     Tel:+44 (0)207 523 
   Sole Bookrunner & Sole Broker)                    8150 
   Bobbie Hilliam / Patrick Dolaghan

About Gfinity

Gfinity is a leading media and technology company in the fast-growing esports and gaming sector. Founded in late 2012, Gfinity established itself as esports and community engagement experts. More recently, the company's business model has evolved to reflect the rapidly developing gaming market, sharpening its strategic focus, based on 3 distinct areas:

Gfinity Digital Media is made up of 11 sites that reach up to 15 million monthly unique active users and delivers 75 million impressions per month across its social network of over 7,000,000 followers.

The Gfinity Engagement Platform (Athlos) is a fully configurable, white-label, bespoke solution, designed to maximise community engagement through competitive play, and is already trusted by some of the world's biggest gaming and esports organisations.

Our JVs and Partnerships - Esports Solutions - allow the Company to benefit from co-owned ideas, working with partners who value and benefit from Gfinity's expertise, to create products such as the Global Racing Series with Abu Dhabi Motorsport Management, and esports activities for Manchester United FC, and Formula 1.

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(END) Dow Jones Newswires

March 06, 2023 07:30 ET (12:30 GMT)

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