TIDMGFIN
RNS Number : 1505A
Gfinity PLC
22 December 2017
Gfinity plc
("Gfinity" or the "Company")
Grant of Share Options
Gfinity (AIM: GFIN), a leading eSports business, announces that
it has today awarded a total of 3,000,000 options over ordinary
shares of 0.1 pence each in the Company ("Ordinary Shares") to
certain Directors (the "Options"). These Options were granted under
the Company's unapproved share option scheme ("Non-EMI
Scheme").
The Options are exercisable at the closing mid-market price of
Ordinary Shares at 21 December 2017, being 23.125 pence per
Ordinary Share (the "Exercise Price").
The Options are exercisable after a minimum period of two years
and in the event that the closing mid-market price of Ordinary
Shares has exceeded 200 per cent. of the Exercise Price for a
minimum period of 30 consecutive business days during that period.
The Options expire on 21 December 2027 if not exercised.
The Options have been awarded in acknowledgment of the
additional contribution the recently appointed non-executive
directors are expected to make in the next phase of the Company's
development. Further details on the options granted are set out
below:
Director Position Number of Total options
Options held following
granted the grant
Garry Cook Non-Executive Director 1,000,000 1,000,000
Preeti Mardia Non-Executive Director 1,000,000 1,000,000
Andy MacLeod Non-Executive Director 1,000,000 1,000,000
In aggregate, the 3,000,000 Options granted to the Directors
represent approximately 1.37 per cent. of the current issued share
capital of the Company.
Following the grant of the Options, the total number of Ordinary
Shares outstanding under option arrangements is 26,216,711,
representing 12.0 per cent. of the Company's issued share
capital.
Enquiries:
Gfinity plc www.gfinityplc.com
Neville Upton, Chief Executive Via Walbrook PR
Officer
Allenby Capital Limited - AIM Tel. +44 20 3328
Nominated Adviser and Broker 5656
Jeremy Porter / John Depasquale
/ James Thomas
Walbrook PR (Media & Investor Tel: +44 (0)20
Relations) 7933 8780
Paul Cornelius /Sam Allen or gfinity@walbrookpr.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Garry Cook
--- --------------------------- -------------------------------
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 0.1p
the financial instrument, each in Gfinity plc
type of instrument Identification code (ISIN)
Identification for Gfinity plc ordinary
code shares: GB00BT9QD572
--- --------------------------- -------------------------------
b) Nature of the transaction Grant of options over ordinary
shares
--- --------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
23.125p 1,000,000
--------- ----------
--- --------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- -------------------------------
e) Date of the transaction 22 December 2017
--- --------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Preeti Mardia
--- --------------------------- -------------------------------
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 0.1p
the financial instrument, each in Gfinity plc
type of instrument Identification code (ISIN)
Identification for Gfinity plc ordinary
code shares: GB00BT9QD572
--- --------------------------- -------------------------------
b) Nature of the transaction Grant of options over ordinary
shares
--- --------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
23.125p 1,000,000
--------- ----------
--- --------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- -------------------------------
e) Date of the transaction 22 December 2017
--- --------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Andy MacLeod
--- --------------------------- -------------------------------
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 0.1p
the financial instrument, each in Gfinity plc
type of instrument Identification code (ISIN)
Identification for Gfinity plc ordinary
code shares: GB00BT9QD572
--- --------------------------- -------------------------------
b) Nature of the transaction Grant of options over ordinary
shares
--- --------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
23.125p 1,000,000
--------- ----------
--- --------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- -------------------------------
e) Date of the transaction 22 December 2017
--- --------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------- -------------------------------
About Gfinity
Founded in 2012, Gfinity has established itself as one of the
world's leading esports companies. The London-based business enjoys
strong relationships with game publishers, players and the wider
esports community and has built a solid reputation for delivering
high quality competitions, both on-line at www.gfinityesports.com
and off-line, in addition to producing industry leading esports
broadcasts.
The Gfinity Esports Arena at Fulham Broadway, London is the home
of UK esports showcasing regular tournaments across the full range
of competitive games. Beyond its own tournaments Gfinity provides a
full turnkey solution for brands wanting to create their own
esports tournaments and has staged premium esports events around
the globe for leading publishers and brands including Formula 1,
Microsoft, Activision, EA, Xbox, Gillette and HP.
Gfinity Challenger and Elite Series:
-- Challenger Series has had over 20,000 18-35-year-old gamers
participate from 18 different countries
-- Elite Series Season 1 created 180 hours of live broadcast
viewed by over 3M people in more than 30 countries
-- Through the first seven weeks of Elite Series Season 2, total
views were 3.64M showing a 40% increase on Elite Series Season 1
viewership
Gfinity is an accredited official EA SPORTS(TM) FIFA 18 Global
Series qualifier as EA brings competitive FIFA to millions of fans
around the world through the EA SPORTS FIFA 18 Global Series on The
Road to the FIFA eWorld Cup 2018 in August 2018.
For more details on the entire EA SPORTS FIFA 18 Global Series,
please visit www.FUTChampions.com
For more information about the Challenger season, which is free
and open to everyone, please visit
https://challenger.gfinityesports.com/
About esports
Esports (electronic sports) is watching or playing competitive
video gaming. Leading titles include League of Legends,
Counter-Strike: Global Offensive, Defence of the Ancients 2 (DotA
2), Call of Duty and Rocket League. The industry is growing
rapidly, with new communities developing around more and more
titles. The global esports market generated US$493 million of
revenue in 2016 and is expected to make $1.5 billion by 2020. The
global esports audience in 2017 was 191 million people, 80% under
the age of 35 and 70% male (source: Newzoo). Online streaming
channels Twitch and YouTube command the biggest audiences, although
esports events are also now being broadcast on conventional TV. The
2015 League of Legends Championships finals in Berlin were watched
by 36 million people, with a peak concurrent viewership of 14
million viewers, while at DotA 2's flagship annual championship
'The International 2016' competitors from around the world competed
for a prize pot of over $20 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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