Issue of Equity

Gfinity PLC

08 September 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Gfinity PLC or other evaluation of any securities of Gfinity PLC or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

For immediate release

8 September 2026

Gfinity PLC

("Gfinity" or the "Company")

Issue of equity

The Board of Gfinity plc (AIM: GFIN) is pleased to announce that the Company has today, conditional on Admission, raised £925,000,000 through a Company arranged subscription ("Subscription") at a price of 0.04 p per new Ordinary Share ("Issue Price").

Fundraising

The Company has today raised £925,000 (before expenses) through a direct Subscription for 2,312,500,000 new Ordinary Shares ("Subscription Shares"), conditional on admission, at the Issue Price. The Subscription Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. 

The directors of the Company will be subscribing, in aggregate, for 147,750,000 Subscription Shares for £59,100 (representing 2.49% per cent of the existing issued share capital) at the Issue Price and on the same terms and conditions as the other subscribers, as follows:

Director	Subscription Shares	Holding of Ordinary Shares on completion of the Subscription	Interest in the Enlarged Issued Share Capital (Note 1)
Neville Upton	30,000,000	69,490,570	0.84%
David Halley	92,750,000	398,096,666	4.83%
Hugo Drayton	25,000,000	33,266,666	0.40%

Note 1: The Enlarged Issued Share Capital on completion of the Subscription will amount to 8,248,808,108 Ordinary Shares.

Further details of the director subscriptions are set out in the Appendix.

The Issue Price represents a discount of 5.9 per cent. to the closing mid-market price per share of 0.0425 p on 7 September 2026 (being the last practicable date prior to the announcement of the Subscription). The Company will issue the Subscription Shares pursuant within the Company's remaining share authorities.

The proceeds (before expenses) from the Subscription, amounting to £925,000, will be used to continue the ongoing commercialisation of CIQ, new business opportunities and provide general working capital.

The 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 Subscription Shares and which is expected to take place on or around 22 September 2026.

Total Voting Rights

Following the issue of the New Shares, the Company's total issued share capital will consist of 8,248,808,108 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 8,248,808,108 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	[phone]
Beaumont Cornish Limited Nominated Adviser and Broker	Roland Cornish Michael Cornish	[phone] www.beaumontcornish.co.uk

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.

Appendix

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neville Upton
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gfinity plc
b)	LEI	213800GNV14EDQNRWI17
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 of £0.0001 par value in Gfinity plc
	Identification code	ISIN: GB00BT9QD572
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Price(s) Volume 0.04p 30,000,000
d)	Aggregated information	n/a (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	8 September 2026
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Halley
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gfinity plc
b)	LEI	213800GNV14EDQNRWI17
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 of £0.0001 par value in Gfinity plc
	Identification code	ISIN: GB00BT9QD572
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Price(s) Volume 0.04p 92,750,000
d)	Aggregated information	n/a (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	8 September 2026
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hugo Drayton
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	Gfinity plc
b)	LEI	213800GNV14EDQNRWI17
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 of £0.0001 par value in Gfinity plc
	Identification code	ISIN: GB00BT9QD572
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Price(s) Volume 0.04p 25,000,000
d)	Aggregated information	n/a (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	8 September 2026
f)	Place of the transaction	Outside of a trading venue

ENDS

 

END