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Gfinity PLC announced on 31 March 2022 that four of its Directors subscribed for a total of 7,600,000 New Ordinary Shares at 1.25 pence per share. This share subscription, with a transaction date of 30 March 2022, forms part of the £2.70 million fundraising previously announced on 14 March 2022 and is conditional upon shareholder approval at a General Meeting on 01 April 2022.
| Date | 31 Mar 2022 |
| Time | 13:00:03 |
| Category | Director/PDMR dealings |
| ID | 7976G |
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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 £2.70 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:
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Director
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Role |
No. of New Ordinary Shares held prior to the Fundraise |
No. of New Ordinary Shares subscribed for |
No. of Ordinary Shares held on Admission |
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John Clarke |
Chief Executive Officer |
1,847,222 |
2,000,000 |
3,847,222 |
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Jonathan Hall |
Chief Finance and Operating Officer |
1,472,222 |
2,000,000 |
3,472,222 |
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Len Rinaldi |
Non-Executive Director |
- |
2,000,000 |
2,000,000 |
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Hugo Drayton |
Non-Executive 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:
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Gfinity plc John Clarke, CEO |
Via Teneo |
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Teneo (Media) Anthony Di Natale |
Tel: +44 7880 715975 |
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Canaccord Genuity Limited (Nominated Adviser, Sole Bookrunner & Sole Broker) Bobbie Hilliam / Patrick Dolaghan |
Tel: +44 (0)207 523 8150 |
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The information below set out in accordance with the requirement of the EU Market Abuse Regulation provides further detail.
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1 |
Details of the person discharging managerial responsibilities |
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a) |
Name |
John Clarke |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Gfinity plc |
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b) |
LEI |
213800GNV14EDQNRWI17 |
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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 |
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a) |
Description of the financial instrument |
Ordinary shares of 0.1 pence each |
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b) |
Identification code of the Financial Instrument |
GB00BT9QD572 |
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c) |
Nature of the transaction |
Subscription for shares 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. |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information: volume, Price |
Aggregated Volume: 2,000,000 Aggregated Price: GBP 25,000 |
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f) |
Date of the transaction |
30 March 2022 |
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g) |
Place of the transaction |
Off Market |
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1 |
Details of the person discharging managerial responsibilities |
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a) |
Name |
Jonathan Hall |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Finance and Operating Officer |
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b) |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Gfinity plc |
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b) |
LEI |
213800GNV14EDQNRWI17 |
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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 |
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a) |
Description of the financial instrument |
Ordinary shares of 0.1 pence each |
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b) |
Identification code of the Financial Instrument |
GB00BT9QD572 |
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c) |
Nature of the transaction |
Subscription for shares 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. |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information: volume, Price |
Aggregated Volume: 2,000,000 Aggregated Price: GBP 25,000 |
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f) |
Date of the transaction |
30 March 2022 |
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g) |
Place of the transaction |
Off Market |
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1 |
Details of the person discharging managerial responsibilities |
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a) |
Name |
Len Rinaldi |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Gfinity plc |
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b) |
LEI |
213800GNV14EDQNRWI17 |
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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 |
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a) |
Description of the financial instrument |
Ordinary shares of 0.1 pence each |
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b) |
Identification code of the Financial Instrument |
GB00BT9QD572 |
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c) |
Nature of the transaction |
Subscription for shares 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. |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information: volume, Price |
Aggregated Volume: 2,000,000 Aggregated Price: GBP 25,000 |
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f) |
Date of the transaction |
30 March 2022 |
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g) |
Place of the transaction |
Off Market |
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1 |
Details of the person discharging managerial responsibilities |
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a) |
Name |
Hugo Drayton |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Gfinity plc |
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b) |
LEI |
213800GNV14EDQNRWI17 |
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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 |
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a) |
Description of the financial instrument |
Ordinary shares of 0.1 pence each |
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b) |
Identification code of the Financial Instrument |
GB00BT9QD572 |
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c) |
Nature of the transaction |
Subscription for shares 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. |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information: volume, Price |
Aggregated Volume: 1,600,000 Aggregated Price: GBP 20,000 |
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f) |
Date of the transaction |
30 March 2022 |
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g) |
Place of the transaction |
Off Market |
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