Guild Esports PLC Update on Bitstamp Sponsorship (2989X)
April 25 2023 - 2:00AM
UK Regulatory
TIDMGILD
RNS Number : 2989X
Guild Esports PLC
25 April 2023
Press Release
25 April 2023
Guild Esports PLC
("Guild Esports", "Guild", or "the Company")
Update on Bitstamp Sponsorship
Guild Esports PLC (LSE: GILD), a global teams organisation and
lifestyle brand, last year announced a GBP4.5m three-year global
sponsorship deal with Bitstamp, a leading cryptocurrency
exchange.
By mutual agreement, the two parties have decided to terminate
the contract effective from January 2024, one year earlier than the
original agreement.
The early termination of the contract will have no impact on
Guild's expected revenues for the current year ending 30(th)
September 2023.
Guild has a strong pipeline of potential sponsorship deals and
continues to pursue new business opportunities, some of which are
at an advanced stage of negotiations. The release of inventory and
other rights from the Bitstamp deal will enable the Company to
pursue similar contracts with other sponsors.
Guild's net cash position amounted to GBP1.28m as at 24 April
2023.
For further information please contact:
Guild Esports
Jasmine Skee via Tancredi +44 207 887
Chief Executive 7633
Neil Thapar
Investor Relations
+44 7876 455 323
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Tennyson Securities
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Corporate Broker
Peter Krens +44 207 186 9030
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Tancredi Intelligent Communication
Media Relations
-------------------------
Helen Humphrey
Charlie Hobbs + 44 7449 226 720
Maddy Newman +44 7897 557 112
guild@tancredigroup.com +44 7380 127 135
-------------------------
About Guild Esports:
Guild Esports PLC is a global fan-focused team organisation and
lifestyle brand 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
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.
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