Business
Directorate Change
Directorate Change.
About this update from Gfinity Plc
[{"type":"text","content":"\n\n \nFor immediate release\n\n23 August 2023\n\nGfinity plc\n(\"Gfinity\" or the \"Company\")\nDirectorate Change\n \nThe Board of Gfinity, is pleased to announce the appointment of David Halley as Chief Executive and a Director with immediate effect. Following the appointment of David Halley, Neville Upton has reverted to his previous role of non-executive Chairman.\n \nDavid Halley has over 25 years' experience spanning banking, hedge funds and insurance, incorporating risk management and trading roles. He founded and served as the CIO of Capstone Financial (HK) Ltd, founded a crypto related insurance broker and has previously been a member of the investment management team for Man-Vector Limited, a commodity trading advisor (CTA) hedge fund that was part of the Man Group. David Halley served as the Risk Manager for the fund. David Halley is currently a director of Tourbillon Group UK Limited which, as announced in June this year, acquired 72.5 per cent. of the Company's gaming subsidiary, Athlos.\nFurther AIM Disclosures on David Halley\nAs required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies, further disclosures on David Halley are as follows.\nDavid Michael Halley, aged 48, has held the following directorships and/or partnerships in the past five years:\n\n\n\n\nCurrent directorships and/or partnerships\n\n\nPast directorships and/or partnerships\n\n\n\n\nCapstone Insurance Brokers Ltd\n\n\nCapstone Financial (HK) Ltd\n\n\n \n\n\n\n\nCapfin Group Ltd\n\n\nSetrell International AG\n\n\n \n\n\n\n\nCIB Holdings Ltd\n\n\n\n\n\n \n\n\n\n\nCapfin Labuan Ltd\n\n\n\n\n\n \n\n\n\n\nTourbillon Group Ltd\n\n\n\n\n\n \n\n\n\n\nTourbillon Group (UK) Ltd\n\n\n\n\n\n \n\n\n\n\nAthlos Game Technologies Limited\n\n\n\n\n\n \n\n\n\n\nOne Oak Tree Limited\n\n\n\n\n\n \n\n\n\n\nCapfin International Limited\n\n\n\n\n\n \n\n\n\n\nGlobal Era Limited\n\n\n\n\n\n \n\n\n\n\n \nDavid Halley, who currently holds no ordinary shares in the Company participated in the Subscription as announced on 9 August 2023, by subscribing for 66,666,667 New Ordinary Shares, representing 1.96% in the Company's Enlarged Share Capital on Admission.\n \nAs also previously announced on 9 August 2023, on appointment to the Board, David Halley is not receiving any di...