Business
PrimaryBid Offer
PrimaryBid Offer.
About this update from Gfinity Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5172J\n Gfinity PLC\n 23 August 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF \n \n \n GFINITY PLC.\n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n \n \n \n \n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)\n \n \n \n \n \n \n \n \n \n \n \n 23 August 2021 Gfinity PLC (\"Gfinity\" or the \"Company\") PrimaryBid Offer Gfinity (LON: GFIN), the AIM quoted esports solutions provider, is pleased to announce, a conditional offer for subscription via PrimaryBid (the \"PrimaryBidOffer\") of new ordinary shares of 0.1 pence each in the Company (\"New Ordinary Shares\") at an issue price of 4.0 pence per New Ordinary Share (the \"Issue Price\"), being a discount of 1.2 per cent to the closing mid-price on 20 August 2021. The Company is also conducting a placing and direct subscription of new Ordinary Shares at the Issue Price by way of an accelerated bookbuild process (the \"Placing\") as announced earlier today.The Company has also today announced the proposed acquisition of Megit Limited, a private company which owns and operates the website Stock Informer, in both the UK and US (\"Stock Informer\" or the \"Target\") for initial consideration of £5.0 million, comprising £2.5 million in cash and £2.5 million in ordinary shares in the Company. The PrimaryBid Offer, Placing, and the acquisition of the Target are conditional on the General Meeting to be held at 10:00 a.m. on 10 September 2021. The PrimaryBid Offer and Placing are further conditional on the new Ordinary ...