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Wednesday 04 July, 2018

Gate Ventures Plc

Gate Ventures PLC: Announcement regarding subscription of shares

Gate Ventures PLC: Announcement regarding subscription of shares

Gate Ventures PLC
Announcement regarding subscription of shares
ISIN Number: GB00BYX2WP92
TICKER: GATE
Gate Ventures PLC
Press Release

July 4, 2018

Gate Ventures PLC
("Gate Ventures" or "Gate" or the "Company")

Fundraising: Gate Ventures receives signed subscription letter for £2.5m

Gate Ventures PLC, a global media and entertainment operating company, announces today that it has received a signed subscription letter for a £2,500,000 fundraise at €0.22 cents per share.The exact amount of shares will be determined according to the exchange rate on the date on which payment is received.

The investor is KC-SR International Development Group Co. Limited owned by prominent Chinese businessman Mr. Haibin Gong. KC-SR International Development Group Co. Limited ("KC-SR") will focus on large scale theatre productions in China and abroad, and Gate has also signed a Memorandum of Understanding (MoU) on July 4 2018 with KC-SR to collaborate on future theatre projects.

The transaction is expected to complete by September 17, 2018 and application will then be made for the newly issued shares to be admitted to trading. The newly issued shares will be issued via VP Securities A/S - the leading provider of securities and investor services in Denmark and a Central Securities Depository (CSD) authorised by the Danish Financial Supervisory Authority (Finanstilsynet).

Lord Michael Grade, Chairman of Gate Ventures, said: »The fundraising shows the confidence of the investors in Gate Ventures’ strategy and we look forward to working even closer with Mr. Gong and further exploring many business opportunities that we believe will be very beneficial to Gate.«

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Further Enquiries:

Gate Ventures PLC (The Company): [email protected] // +44 (0) 20 3150 2477

Keswick Global AG (Certified Adviser): [email protected] // +43 1 740 408045

Rossen & Company ApS (Financial PR): [email protected] // +45 2072 9972

About Gate Ventures PLC:

Gate Ventures PLC, a global media and entertainment operating company, was founded in 2015 to exercise active ownership of various production platforms within film, lifestyle and theatre. Governed by senior investment profiles and prominent personas within the British entertainment sector, the board has raised over €28 million worldwide to date.

Since 2017, Gate Ventures PLC has been listed with NASDAQ First North in Copenhagen. Positions include Rise Art Ltd. (15%) Fagara in Mara, 2018 (10%), Theory of Ambitions, 2018 (2.5%), Bink (4%), Ensygnia (7%), PlayJam (25%), Infinity Creative Media (16%), 42nd Street (100%), Sunset Boulevard (100%) and Gate Reality (100%).

As of 2018, the executive board of Gate Ventures PLC is comprised of Lord Michael Ian Grade, Baron of Yarmouth (Chairman, CBE), Sarah, Duchess of York (Executive Director), Mr. Geoffrey Stanton Morrow (CEO), Mr. Michael Sidney Linnit (CSO), Mr. Richard James Carter (CFO, ACMA, CGMA) and Mrs. Anita Luu (COO). 

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