TIDMGILD

RNS Number : 5718D

Guild Esports PLC

22 June 2023

Press release

22 June 2023

Guild Esports PLC

("Guild Esports", "Guild", or "the Company")

Grant of Warrants

Guild Esports PLC (LSE: GILD; OTCQB: GULDF), a global teams organisation and lifestyle brand, announces that it has granted a total of 50,000,000 warrants to subscribe for new ordinary shares of GBP0.001 each ("Warrants") to the Company's directors, executive management and senior leadership team to incentivise and reward management and team performance.

The Company has granted 40,000,000 warrants to directors and executive management as follows:

 
 Option holder        Number of   price (p) 
                       Warrants 
                        granted 
 Derek Lew            7,500,000   GBP0.0067 
 
 Jasmine Skee        20,000,000   GBP0.0067 
 
 Jocelin Caldwell     5,000,000   GBP0.0067 
 
 Brian Stockbridge    7,500,000   GBP0.0067 
 

In relation to CEO Jasmine Skee's grant of warrants for five years, one third of the warrants will vest on the first anniversary of engagement, one third on the second anniversary of engagement and the remaining one third on the third anniversary of engagement, subject to Jasmine Skee being engaged by the Company on such vesting dates.

In order to avoid the grant of warrants being considered to impair the independence of the Company's non-executive directors, the warrants granted to the Company's non-executive directors are not subject to any vesting conditions.

The Company has granted the remainder of the warrants totalling 10,000,000 in aggregate to senior management and staff. These warrants are subject to minimum engagement conditions, following which they vest in full.

The following information relating to the transaction by a Director has been filed with the Financial Conduct Authority in accordance with Article 19(1) of UK MAR.

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                   Derek Lew 
                              Jasmine Skee 
                              Jocelin Caldwell 
                              Brian Stockbridge 
     ---------------------  --------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status        Directors 
     ---------------------  --------------------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                   Guild Esports PLC 
     ---------------------  --------------------------------------------------- 
 b)   LEI                    213800IE96YMHXDJ7H92 
     ---------------------  --------------------------------------------------- 
 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            Warrants to subscribe for Ordinary Shares 
       of the financial       of GBP0.001 each 
       instrument, 
       type of instrument     ISIN: GB00BMWVF760 
       Identification 
       code 
     ---------------------  --------------------------------------------------- 
 b)   Nature of the          Grant of warrants to subscribe for Ordinary 
       transaction            Shares 
     ---------------------  --------------------------------------------------- 
 c)   Price(s) and           Name                 Price        No. of warrants 
       volume(s)              Derek Lew             GBP0.0067         7,500,000 
                              Jasmine Skee          GBP0.0067        20,000,000 
                              Jocelin Caldwell      GBP0.0067         5,000,000 
                              Brian Stockbridge     GBP0.0067         7,500,000 
                                                  -----------  ---------------- 
     ---------------------  --------------------------------------------------- 
 d)   Aggregated             N/A single transaction 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------------- 
 e)   Date of the            20 June 2023 
       transaction 
     ---------------------  --------------------------------------------------- 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  --------------------------------------------------- 
 

For further information please contact:

 
  Guild Esports 
  Jasmine Skee                           via Tancredi +44 207 887 
   Chief Executive                        7633 
   Neil Thapar                            +44 7876 455 323 
   Investor Relations 
                                       -------------------------- 
  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 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 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.

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END

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(END) Dow Jones Newswires

June 22, 2023 04:45 ET (08:45 GMT)

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