24th Aug 2021 14:17
Gfinity PLC - London-based esports and digital gaming company - Raises GBP3.3 million in oversubscribed share placing, subscription and retail offer, selling 82.5 million new shares in total at 4.0 pence each, including 7.5 million in the retail offer via Primary Bid. Chief Executive Officer John Clarke subscribes for 625,000 shares, while Chief Finance & Operations Officer Jonathan Hall takes 250,000. Canaccord Genuity Ltd acts as sole bookrunner and advisor. The cash will be put towards Gfinity's GBP2.5 million acquisition of Megit Ltd, which owns the website Stock Informer.
Current stock price: 4.21 pence
Year-to-date change: up 11%
By Josie O'Brien; [email protected]
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