Grant of Share Options

RNS Number : 1368R

Gfinity PLC

24 June 2015

 

24 June 2015

Gfinity plc

("Gfinity" or "the Company")

Grant of Share Options 

Gfinity (AIM: GFIN), a leading eSports business, announces that it has awarded a total of 1,600,000 options over ordinary shares of 0.1 pence each in the Company (the "Options") to certain Directors and employees. These Options were granted under the EMI scheme adopted by the Company on 27 March 2014.

The Options were issued to Directors and employees on 19 June 2015 and the exercise price was set at 21.62 pence per share, being the market price at the time of grant.

The Options are exercisable on approval by the Board, or in event of sale of business.

The Directors that have been awarded Options are as follows:

Director	Position	Number of Options granted	Total options held following the grant	Number of ordinary shares held	Shares held as a % of existing issued share capital
Jonathan Hall	Finance Director	200,000	995,000	Nil	Nil
Philip Shuldham-Legh	Marketing Director	200,000	523,000	278,000	0.36

In aggregate, the 400,000 Options granted to the Directors represent approximately 0.51 per cent. of the existing issued share capital of the Company.

Following the grant of the Options, the total number of ordinary shares outstanding under option arrangements will be 4,587,000 ordinary shares representing 5.89 per cent. of the Company's issued share capital.

Enquiries

Gfinity plc
Jonathan Hall, Finance Director Neville Upton, Chief Executive Officer	[phone]
Arden Partners plc - Nominated Adviser and Broker
Chris Hardie, Ciaran Walsh	[phone]
Luther Pendragon - Public Relations
Neil Thapar, Alexis Gore, Oliver Hibberd	[phone]

About Gfinity

Gfinity is a leading UK-based eSports company serving, in co-operation with games publishers, a rapidly-growing community of on-line gamers worldwide. Founded in September 2012, the Company has established a popular on-line brand, gfinity.net, where gamers can compete, socialise and enjoy a wide range of content relating to electronic games on a proprietary technology platform. This platform enables Gfinity to run a regular roster of on-line competitions, leagues and ladders with the opportunity for gamers to enter and potentially win substantial prize money and/or pit their skills against professional and widely-followed ''star'' players.

Gfinity has quickly become a widely-recognised "destination" for gamers in the UK and internationally, typically aged 18 - 34 years old. The growing user base and the demographic of Gfinity's audience, together with the sheer numbers who view Gfinity's events online, provide brand owners and advertisers with an attractive environment in which to promote their products and services, as well as offering Gfinity the opportunity to generate significant revenues over the long term.  Gfinity website: www.gfinityplc.com 

eSports

eSports is a rapidly growing global market valued at $621 million with an audience of 134 million, according to SuperData's eSports market report (May 2015). With the majority of worldwide revenues coming from advertisers and corporate sponsors, corporate sponsorship is estimated to total $111 million in 2015 in North America alone. 13% of all live-stream viewers watch eSports, a large proportion use Twitch, the eSport streaming website, who in 2014 announced that they have reached 100 million unique users per month, more than double the 45 million achieved in 2013.

 

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