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IN BRIEF: Gfinity raises GBP450,000; announces David Halley as CEO

9th Aug 2023 13:57

Gfinity PLC - London-based e-sports and gaming services firm - Conditionally raises GBP450,000 at a price of 0.06 pence per share. Gfinity will issue 750.0 million shares pursuant to the subscription, and that it will use the net proceeds to fund day-to-day working capital needs of the company's media business and its ongoing cost of its AIM listing.

Gfinity also announces that founder and chief information officer of Capstone Capital David Halley will become chief executive officer on completion of the customary regulatory checks under the AIM Rules. Chief Finance and Operating Officer Jonathan Hall ceases to be a director with immediate effect.

Current stock prince: 0.09 down 23%

12-month change: down 91%

By Will Neill, Alliance News reporter

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