Semper Fortis Esport - First Day Dealings of Admission to Aquis
RNS Number : 5553W
Semper Fortis Esports PLC
26 April 2021
 

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26 April 2021

 

Semper Fortis Esports PLC

("Semper Fortis Esports" or the "Company")

 

 First day of dealings of Admission to the Aquis Stock Exchange Growth Market and Fundraise

 

Semper Fortis Esports PLC (AQSE: SEMP), the esports company focused on establishing esports teams, forming brand and technology partnerships, and providing business to business advisory services, is pleased to announce its first day of dealings and Admission of its ordinary shares to trading on the Access segment of the Aquis Stock Exchange Growth Market ("Admission").

 

The Company has raised approximately £2.5m by  way of a  Placing (the "Placing") and Subscription in total of 255,500,000 new Ordinary Shares of 0.01 pence each (par value) to  investors (the "Issue").

 

The Placing and Subscription were oversubscribed.

 

Key Highlights

 

·      The Issue was conducted at a price of 1.0p per ordinary share raising gross proceeds of £2.55m and, at the issue price, Semper Fortis Esports will have a market capitalisation of approximately £4.155 million.

·      The net proceeds from the Issue will be used for working capital purposes in pursuing the Company's strategic objectives in establishing esports teams, forming brand and technology partnerships, and providing business to business advisory services. The Directors believe the Company has the skill set and vision to gain a strong foothold in the UK market which is set to mature rapidly.

·      With a predicted 2.7 billion gamers across the globe in 2020, growth in esports is exploding, with the Company offering investors unique exposure to this exciting new sector.   

·      The Company will build on the strong performance of its first esports team signed in April 2021, which competes under the name, 'Top Blokes'. The team was ranked third in Europe and sixth globally in the Rocket League Championship Series ("RLCS X") at the end of the 2020 Fall split.

·      The Company's Admission Document is available to view on its website at https://semperfortisesports.com

·      Admission to the Access segment of the Aquis Stock Exchange Growth Market is expected to take place at 8.00 a.m. (UK time) today.

·      On Admission, the Company will have a free float of approximately 40%.

 

Hybridan LLP acted as the Company's AQSE Corporate Adviser and Broker in relation to the Admission and Placing and is acting as the Company's AQSE Corporate Adviser and Broker from Admission. 

Kevin Soltani, CEO of Semper Fortis Esports, said:

"We are delighted with the support the Company has received from both existing and new shareholders. The successful fundraising will now enable the management to begin the pursuit of its strategy in the exciting and growing market represented by esports, forecast to grow 12% per year globally between 2020 and 2024. We look forward to updating the market with further developments in due course.

"Our multifaceted business model covering esports teams, brand & technology partnerships and B2B advisory services ensures investors have multiple shots on goal when it comes to exposure to this rapidly growing industry."

 

Nolan Bushnell, a non-executive Director, added:

 

" When I started Atari and the video game industry in the 1970's we had no idea where it would ultimately end up. Now I can say that esports is hugely gaining in popularity, with a completely inclusive and fun philosophy. Semper Fortis is right at the forefront of this."

 

 

For more information, please contact:

 

Semper Fortis Esports plc

via Square1 Consulting

 

Kevin Soltani, Chief Executive Officer

Jassem Osseiran, Chief Operating Officer

Max Deeley, Finance Director

https://semperfortisesports.com

 

 


Hybridan LLP - AQSE Corporate Adviser and Broker

 https://hybridan.com/

 

Claire Noyce, Managing Partner, Corporate Finance

Niall Pearson, Head of Corporate Broking & Sales

+44 203 764 2341

+44 203 764 2343

 

 


Square1 Consulting

+44 207 929 5599

David Bick

 

+44 7831 381201

 

 

About Semper Fortis Esports plc

 

Semper Fortis Esports has contracts with an esports team competing under the name, 'Top Blokes'. Top Blokes competes in the Rocket League Championship Series. The Directors have identified a number of different areas which following Admission, are likely to form the core areas of the business. These are:

 

·      to establish or purchase competitive esports teams under different game categories;

·      to enter into a joint venture with a high-profile talent and celebrity (such as well-known professional football players) who will work with the Company to generate exposure for the Company's esports team and who will help attract sponsorship opportunities for the Company and its team;

·      to use viewership power to attain sponsorship opportunities, preferably among a number of different brands. Viewership and engagement figures will be generated through online broadcasting of team activity, social media and in some cases, physical appearances of the team in competition;

·      to create digital experiences for brands and celebrities to provide exposure and to enable online engagement through gaming and esports initiations. The Company's goal in this respect is to create revenue through content reach, distribution of broadcasting rights and digital viewing; and

·      to develop technology applications and products that complement the esports industry. Initially utilising contacts of Mr Bushnell's in the software industry to develop a Beta software product, that if then successful, funding would be arranged for full development thereof.

 

The Semper Fortis model has been built with confidence due to the managements' experience in competitive team operations, both in traditional sports and gaming.  The management believe that the future of esports  will continue to succeed and grow as brands and marketing dollars continue to enter the space, as electronic gaming and digital experiences continue to expand,  and technology continues to innovate and enhance areas supporting the industry.

This announcement does not constitute, or form part of, any offer or invitation to sell, allot or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as an inducement to enter into, any contract or commitment therefor.

 

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness, or completeness.

 

No reliance may be placed, for any purpose whatsoever, on the information or opinions contained in this announcement or on its completeness. To the fullest extent permitted by applicable law or regulation, no undertaking, representation or warranty, express or implied, is given by or on behalf of the Company or Hybridan LLP, or their respective parent or subsidiary undertakings or any of their respective directors, officers, partners, employees, agents, affiliates, representatives or advisers or any other person as to the accuracy, sufficiency, completeness or fairness of the information, opinions or beliefs contained in this announcement and, save in the case of fraud, no responsibility or liability is accepted by any of them for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred, howsoever arising, from any use, as a result of the reliance on, or otherwise in connection with this announcement.

 

Hybridan LLP, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting only for the Company in connection with the Issue and Admission and is not acting for or advising any other person, or treating any other person as their respective client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Hybridan LLP, or advice to any other person in relation to the matters contained herein. Such persons should seek their own independent legal, investment and tax advice as they see fit. Hybridan LLP has not authorised or approved the contents of, or any part of, this announcement and no representation or warranty, express or implied, is made by Hybridan LLP or its affiliates as to any of its contents.

 This announcement is, and will be only addressed to, and directed at, persons who are (a) both "qualified investors" within the meaning of the UK version of the EU Prospectus Regulation (2017/1129/ EU) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation") and either (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who are high net worth entities falling within Article 49 of the Order; or (b) other persons to whom it may otherwise lawfully be communicated (all such persons under (a) and (b) together being referred to as "relevant persons"). Any investment or investment activity to which this announcement relates is available in the United Kingdom only to relevant persons.

 

It is not intended that this announcement be distributed or passed on, directly or indirectly, to any other class of person and in any event, and under no circumstances should persons of any other description rely on or act upon the contents of this announcement.

 

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The Ordinary Shares have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. No securities commission or similar authority in Canada has in any way passed on the merits of the Ordinary shares and any representation to the contrary is an offence. No document in relation to the proposed placing of the Shares has been, or will be, lodged with, or registered by, the Australian Securities and Investments Commission, and no registration statement has been, or will be, filed with the Japanese Ministry of Finance. Subject to certain exceptions, the Ordinary Shares may not be, directly or indirectly, offered, sold, taken up, delivered, or transferred in or into or from any jurisdiction in which the same would be unlawful or offered or sold to a person within such a jurisdiction.

 

 

 

 

 

This announcement contains certain statements that are, or may be, forward looking statements with respect to the financial condition, results of operations, business achievements and/or investment strategy of the Company. Such forward looking statements are based on the board of directors' expectations of external conditions and events, current business strategy and plans and the other objectives of management for future operations, and estimates and projections of the Company's financial performance. Though the board of directors believes these expectations to be reasonable at the date of this announcement, they may prove to be erroneous. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, achievements, or performance of the Company, or the esports industry, to be materially different from any future results, achievements or performance expressed or implied by such forward looking statements.

 

Ends

 

 

 

 

 

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