Issue of Equity - Replacement
Summary by AI BETAClose X
The following amendment has been made to the Issue of Equity announcement released on 9 September 2026 at 11.35am under RNS No 0675U:
The amount raised referred to in the first paragraph has been corrected to £925,000.
The full amended text is shown below.
For immediate release
9 September 2026
Gfinity PLC
("Gfinity" or the "Company")
Issue of equity - Replacement
As announced on 8 September 2026, the Board of Gfinity plc had, conditional on Admission, raised £925,000 through a Company arranged subscription ("Subscription") at a price of 0.04 p per new Ordinary Share ("Issue Price"). The Company has received an additional subscription on the same terms in respect of a further £75,000 at the Issue Price which the Company has accepted ("Further Subscription"). The proceeds (before expenses) from the Further Subscription will also be used to continue the ongoing commercialisation of CIQ, new business opportunities and provide general working capital.
In aggregate therefore, pursuant to the Subscription and the Further Subscription, the Company has raised £1,000,000 (before expenses) through a direct Subscription for a total of 2,500,000,000 new Ordinary Shares ("Total Subscription Shares"), conditional on admission, at the Issue Price.
The Total Subscription Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application will be made for admission to trading on AIM of the Total Subscription Shares and which is expected to take place on or around 22 September 2026.
Total Voting Rights
Following the issue of the Total Subscription Shares, the Company's total issued share capital will consist of 8,436,308,108 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.
On Admission, the abovementioned figure of 8,436,308,108 Ordinary Shares 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 to their interest in, Gfinity under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Other information
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). The person who arranged for the release of this announcement on behalf of the Company was David Halley, Chief Executive.
A copy of this announcement is available at the Company's website: www.gfinityplc.com
Enquiries:
|
Gfinity Plc |
David Halley
|
+44 (0)7516 948427 |
|
Beaumont Cornish Limited Nominated Adviser and Broker |
Roland Cornish Michael Cornish
|
+44 (0)207 628 3396 |
Further Information
Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with this announcement and will not regard any other person as its client and will not be responsible to anyone else for providing the protections afforded to the clients of Beaumont Cornish or for providing advice in relation to such proposals. Beaumont Cornish has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Beaumont Cornish for the accuracy of any information, or opinions contained in this document or for the omission of any information. Beaumont Cornish as nominated adviser to the Company owes certain responsibilities to the London Stock Exchange which are not owed to the Company, the Directors, Shareholders, or any other person.
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