Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Monday 08 December, 2014

AIM

Schedule 1 - Gfinity plc

RNS Number : 1013Z
AIM
08 December 2014
 



 

 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")


COMPANY NAME:

Gfinity plc

 

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

35 New Bridge Street,London EC4V 6BW

 

COUNTRY OF INCORPORATION:

 

England

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

Gfinityplc.com  in preparation

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Gfinity is a leading electronic sports (eSports) business that provides a hub for a rapidly

expanding global community who compete or go on-line to watch competitors playing a range of multi-million selling electronic games such as League of Legends, FIFA 2015 and Call of Duty: Advanced Warfare. The Company operates a website where subscribers gain access to information on the video games, watch streamed videos of competitions and themselves compete. In addition, Gfinity hosts live tournaments and has recently announced a series of live and on-line events for 2015 which the Directors expect will generate ticket sales, sponsorship and other merchandising income. These events will be streamed live on Twitch TV and gfinity.net and the Company's strategy is to build sufficient audiences in order to attract broadcasting income in the future.

 

Operations and assets of Gfinity are located in the United Kingdom although the website is available world-wide.

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

[ To be completed] ordinary shares of 0.1p each

 

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Approximately £3 million raised and £13 million market capitalisation. [To be confirmed]

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

Approx 45.2 % [ To be confirmed]

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

TBC

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

 

Anthony David Collyer (Non-Executive Chairman)

Neville Roderick Upton (Chief Executive Officer)

Jonathan David Hall (Finance Director)

Ginette Amanda Jarman (Operations Director)

Murray Philip Shuldham-Legh (Marketing Director)

Paul Kent (Technology & eSports Director)

David Nigel Yarnton (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

 

 



Percentage


Percentage

 



of current


of ordinary

 


Existing

ordinary

Ordinary

share

 


Ordinary

share

Shares on

capital on

 


Shares

capital

Admission

Admission

 

Name





 

[Neville Upton]

14,579,00

25.94

[●]

[●]

 

[Euroblue Investments

9,207,000

16.38

[●]

[●]

 

     Limited (Nigel Wray)]





 

Jarvis Investment Management(Optiva)

4,006,000

7.13

[●]

[●]

 

Pitch International

3,908,000

6.95

[●]

[●]

 

[Ganesh Holdings Int.

2,191,000

3.90

[●]

[●]

 

    Limited (Basil Sellers)]





 

[Sophie Kueffer]

1,946,000

3.46

[●]

[●]

 






 






 






 

 





 





 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

TBC

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i)         30 June

(ii)        6 months to 30 June 2014

(iii)       Interims for 6 months to 31/12/14 - 31/3/2015

      Final results to 30/6/15 - 31/12/15

      Interims to 31/12/15 - 31/3/16

 

 

EXPECTED ADMISSION DATE:

22 December 2014

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Arden Partners plc, 125 Old Broad Street, London EC2N 1AR

 

NAME AND ADDRESS OF BROKER:

Arden Partners plc,125 Old Broad Street, London EC2N 1AR

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

Copies of this Document will be available to the public free of charge at the offices of Arden at 125 Old Broad Street, London EC2N 1AR and Fladgate LLP at 16 Great Queen Street,London WC2B 5DG during normal business hours on any weekday (other than Saturdays

and public holidays), until one month following the date of Admission.

 

DATE OF NOTIFICATION:

8/12/14

 

NEW/ UPDATE:

New

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
PAAFMMGZGRDGDZM

a d v e r t i s e m e n t