The information contained within
this announcement is deemed by the Company to constitute inside
information stipulated under the Market Abuse Regulation (EU) No.
596/2014, as retained as part of the law of England and Wales. Upon
the publication of this announcement via the Regulatory Information
Service, this inside information is now considered to be in the
public domain.
Press Release
13 May 2024
Guild
Esports PLC
("Guild
Esports", "Guild", or "the Company")
Update on
Convertible Loan Agreement
Change of
Company Secretary
Guild Esports PLC (LSE: GILD;
OTCQB: GULDF), a global gaming-focused media business, announces
that following the convertible loan agreement announced on 2 April
2024, Compassare Holdings ("Compassare") has exercised its right to
convert the principal amount of £250,000 into new ordinary shares
of £0.001 each in the Company ("Ordinary Shares").
The agreed conversion price was
£0.00375, and as such Compassare has been issued and allotted
66,666,667 new Ordinary Shares in full satisfaction of Guild's
obligations (other than admission) under the convertible loan
agreement.
Prospectus and Admission
The Ordinary Shares to be issued to
Compassare will rank pari passu in all respects with the existing
Ordinary Shares. However, Guild does not currently have sufficient
headroom for the Ordinary Shares issued pursuant to the conversion
to be admitted to the Official List maintained by the FCA and to
trading on the London Stock Exchange PLC's Main Market without the
publication of a prospectus. The Company will use its reasonable
endeavours to procure admission of the Ordinary Shares within 12
months, as permitted and required by the Listing Rules.
The Company is in the process of
preparing a new prospectus and, subject to approval by the FCA,
Guild will publish this in due course. Once the prospectus has been
published, application will be made for the 66,666,667 Ordinary
Shares to be admitted to the Standard List segment of the Official
List and to trading on the Main Market of the London Stock Exchange
PLC.
Following the issue and allotment of
these shares, the total number of issued shares and total number of
voting rights will be 804,984,029. The
Company does not hold any shares in treasury.
Change of Company
Secretary
Guild is pleased to announce that
Westend Corporate LLC has been appointed as Company
Secretary.
For further information please
contact:
|
Guild Esports
|
|
|
Jasmine Skee
Chief Executive
|
via
Tancredi +44 207 887 7633
|
|
Tennyson Securities
|
|
|
Corporate Broker
Peter Krens
|
+44
207 186 9030
|
|
Tancredi Intelligent Communication
Media Relations
|
|
|
Helen Humphrey
Charlie Hobbs
guild@tancredigroup.com
|
+44
7449 226 720
+44
7897 557 112
|
About Guild Esports:
Guild Esports PLC is a global
gaming-focused media business 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 entertainment sector and 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 (ticker:
GILD) and on the OTCQB Venture Market in the United States (ticker:
GULDF). Please visit www.guildesports.com for more
information.