Exercise of warrants

RNS Number : 5734J

Guild Esports PLC

23 December 2020

 

Press release

23 December 2020

Guild Esports PLC

("Guild Esports" or "the Company")

Exercise of warrants

Issue of equity and total voting rights

Guild Esports, a UK-based owner and developer of esports teams (LSE: GILD), announces that it has received from Andrew Drake, a non-executive director of the Company, notice of the exercise of warrants ("Warrants") over 1.5 million ordinary shares in the Company at an exercise price of one pence per share. The aggregate gross proceeds of this exercise are £15,000.

The warrants are being exercised within the three-month exercise period, which expires on 2 January 2021. The  new ordinary shares will be subject to a 24-month lock-in period from the date of admission, as set out in the Company's prospectus dated 29 September 2020.

An application will be submitted today for the new ordinary shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange. Admission is expected to occur in early January 2021. The new ordinary shares will rank pari passu with the existing ordinary shares of the Company.

Issue of equity 

The Company has issued 333,333 new ordinary shares to each of VNZ Holding A/S and Nebbegård Invest A/S and 333,334 new ordinary shares to Jaksland Capital & More ApS conditional upon admission to trading.

Such new ordinary shares are being issued at the direction of Team Singularity ApS pursuant to the  Company's obligations under a transfer agreement made between the Company and Team Singularity ApS on 19 June 2020, as amended on 22 December 2020, and set out in the Company's prospectus. These shares were expected to have been issued at an earlier date and the Company's prospectus dated 29 September 2020 disclosed that such issue had taken place, however, the shares were not issued due to an administrative oversight.

An application for the 1 million new ordinary shares will be submitted today, and admission is expected to occur in early January 2021. These shares will rank pari passu with the existing ordinary shares of the Company, and represent approximately 0.29% of the Company's share capital as enlarged by this issue.

Total voting rights

Following the exercise of warrants and issue of the new ordinary shares, the Company's issued share capital will comprise of 518,617,362 ordinary shares, which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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	Andrew Drake
2.	Reason for the Notification
a)	Position/status	Non-executive director
b)	Initial notification / Amendment	Initial notification
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 of the Financial instrument, type of instrument	Ordinary shares
	Identification Code	GB00BMWVF760
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s)  one pence  1,500,000
d)	Aggregated information: ·   Aggregated volume ·   Price	1,500,000 Ordinary Shares One pence per Ordinary Share
e)	Date of the transaction	22 December 2020
f)	Place of the Transaction	Outside a trading venue

FOR FURTHER INFORMATION, PLEASE CONTACT:  

Guild Esports
Carleton Curtis Executive Chairman Kal Hourd Chief Executive Neil Thapar Investor Relations	via Tancredi [phone] [phone]
Mirabaud
Corporate Broker Peter Krens	[phone]
Zeus Capital
Corporate Broker John Goold Benjamin Robertson	[phone]
Tancredi Intelligent Communication Media Relations
Salamander Davoudi [e-mail] Emma Valgimigli [e-mail] Helen Humphrey [e-mail]	[phone] [phone] [phone]

About Guild Esports:

Guild Esports PLC is a global fan-focussed 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. Please visit www.guildesports.com

 

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