TIDMGILD
RNS Number : 8632S
Guild Esports PLC
09 November 2023
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014, as retained as part of
the law of England and Wales. Upon the publication of this
announcement via the Regulatory Information Service, this inside
information is now considered to be in the public domain.
Press Release
9 November 2023
Guild Esports PLC
("Guild Esports", "Guild", or "the Company")
Completion of Follow-on Management & Advisor Fundraise
Grant of Warrants
Guild Esports PLC (LSE: GILD; OTCQB: GULDF), a global teams
organisation and lifestyle brand, is pleased to announce that it
has completed a follow-on fundraising (the "Fundraise"), by way of
a share placing and subscription of up to 26,000,000 new ordinary
shares at a price of GBP0.005 per share. The placement follows and
was at the same price as the Company's recently announced
subscription.
The Company's executive management have subscribed for an
aggregate total of 6,000,000 new ordinary shares at the placing
price of GBP0.005 per share representing a total contribution of
GBP30,000, with subscriptions made by Jasmine Skee, CEO; Nick
Westwood, SVP of Creative and Strategy; Luke Jones, VP of
Commercial, Esports and Gaming; Matthew Charles, Director of
Operations; and Kristina Frost, Director of Client Services.
Arkios Limited ("Arkios") acted as bookrunner to the placement.
John Lanyon, CEO of Arkios and an experienced investor and active
board member of multiple technology companies, subscribed for up to
20,000,000 new ordinary shares. The first tranche is for 10,000,000
new ordinary shares for a total contribution of GBP50,000, and John
Lanyon has conditionally subscribed for an additional 10,000,000
shares for a further contribution of GBP50,000. The second tranche
is subject to mutual agreement between the Company and John Lanyon,
and the Company expects the second tranche to complete by 31
December 2023. The ordinary shares held by John Lanyon will be
subject to a six-month lock-in period from the date of issuance of
the Tranche Two Subscription Shares.
Grant of Warrants
In consideration of their efforts in connection with the
previously announced subscription, the Company has granted to each
of Stephen Duval and John Lanyon warrants to subscribe for
15,000,000 and 5,000,000 ordinary shares respectively. The warrants
are exercisable at GBP0.005 per share (being the price at which the
subscription and Fundraise were completed) and are exercisable for
a period of three years from the date of grant.
Jasmine Skee, CEO of Guild Esports, commented: " We are pleased
that management and advisors have supported the Company, which
stands as a vote of confidence in Guild's strategy and solidifies
the commitment of our leadership team and advisors. This additional
funding will be used together with the injection of capital
announced last month opens exciting avenues for Guild and provides
us with the means to accelerate our strategic initiatives as we
look to build the world's leading gaming-focused media brand."
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jasmine Skee
---------------------- -------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Director
---------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Guild Esports PLC
---------------------- -------------------------------------------
b) LEI 213800IE96YMHXDJ7H92
---------------------- -------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary Shares of GBP0.001 each
of the financial
instrument, ISIN: GB00BMWVF760
type of instrument
Identification
code
---------------------- -------------------------------------------
b) Nature of Subscription for Ordinary Shares
the transaction
---------------------- -------------------------------------------
c) Price(s) Name Price No. of shares
and volume(s) Jasmine Skee GBP0.005 2,000,000
---------------------- -------------------------------------------
d) Aggregated N/A single transaction
information
- Aggregated
volume
- Price
---------------------- -------------------------------------------
e) Date of the 1 November 2023
transaction
---------------------- -------------------------------------------
f) Place of Outside a trading venue
the transaction
---------------------- -------------------------------------------
For further information please contact:
Guild Esports
Jasmine Skee via Tancredi +44 207 887
Chief Executive 7633
-------------------------
Tennyson Securities
-------------------------
Corporate Broker
Peter Krens +44 207 186 9030
-------------------------
Tancredi Intelligent Communication
Media Relations
-------------------------
Helen Humphrey
Charlie Hobbs +44 7449 226 720
Jasmine Gadhavi +44 7897 557 112
guild@tancredigroup.com +44 7931 435 236
-------------------------
About Guild Esports:
Guild Esports PLC is a global gaming-focused media business that
fields professional players in gaming competitions under the Guild
banner. Our in-house training academy aims to attract and nurture
the best esports talent, and our goal is to provide the ultimate
entertainment experience alongside a distinctive lifestyle brand
authentic to the esports community worldwide. Guild is led by an
experienced management team of entertainment sector and esports
veterans and co-owned by David Beckham. The Company is
headquartered in the UK and its shares are listed on the Main
Market of the London Stock Exchange (ticker: GILD) and on the OTCQB
Venture Market in the United States (ticker: GULDF). Please visit
www.guildesports.com for more information.
Forward-looking statements
This Announcement includes forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, many of which are beyond the Company's control and
all of which are based on management's current beliefs and
expectations about future events. Forward-looking statements are
sometimes identified by the use of forward-looking terminology such
as "believe", "expects", "targets", "may", "will", "could",
"should", "shall", "risk", "intends", "estimates", "aims", "plans",
"predicts", "continues", "assumes", "positioned" or "anticipates"
or the negative thereof, other variations thereon or comparable
terminology. These forward-looking statements include all matters
that are not historical facts. They appear in a number of places
throughout this Announcement and include statements regarding the
intentions, beliefs or current expectations of management or the
Company concerning, among other things, the results of operations,
financial condition, prospects, growth, strategies and dividend
policy of the Company and the industry in which it operates. In
particular, the statements included in the sections entitled "Risk
Factors" and "Business" of this Announcement regarding the
Company's strategy, targets and expectations in respect of the
Company's expected revenue, profit, growth, accounting tax rates,
and capital expenditure upon the operating results of the Company
as well as other expressions of the Company's targets and
expectations and other future events or prospects are
forward-looking statements.
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END
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