Gamesys Group PLC Announces Block Listing Announcement

Rhea-AI Summary

Gamesys Group plc has applied to the Financial Conduct Authority and the London Stock Exchange for the admission of 1,866,823 ordinary shares to the Official List. The shares, related to the Company's Long Term Incentive Plan, are expected to commence trading on September 27, 2021. Once issued, these shares will rank equally with existing ordinary shares. Gamesys Group is a global online gaming company offering various gaming brands, including Jackpotjoy and Virgin Games.

Positive

• Expected admission of 1,866,823 shares may enhance liquidity and investor confidence.
• Shares issued under the Long Term Incentive Plan may align executive performance with shareholder interests.

Negative

• Issuance of new shares could dilute existing shareholder value.

LONDON, UK / ACCESSWIRE / September 22, 2021 / Gamesys Group plc (LSE:GYS) (the "Company") announces that an application has been made to the Financial Conduct Authority and the London Stock Exchange for 1,866,823 ordinary shares of £0.10 each (the "Shares") to be admitted to the Official List.

The Shares are expected to be admitted to the Official List and to trading on the London Stock Exchange on 27 September 2021.

These Shares are being reserved under a block listing and will be issued as a result of the award of shares pursuant to the Company's Long Term Incentive Plan.

When issued, these Shares will rank pari passu with the existing ordinary shares.

About Gamesys Group plc

Gamesys Group plc is the parent company of an online gaming group that provides entertainment to a global consumer base. Through its subsidiaries, Gamesys Group plc currently offers bingo and casino games to its customers using brands which include Jackpotjoy (www.jackpotjoy.com), Virgin Games (www.virgingames.com), Botemania (www.botemania.es), Vera&John (www.verajohn.com), Monopoly Casino (www.monopolycasino.com), Rainbow Riches Casino (www.rainbowrichescasino.com) and MEGAWAYS Casino (www.megawayscasino.com). For more information about Gamesys Group plc, please visit www.gamesysgroup.com.

Enquiries:

Gamesys Group plc

Dan Talisman, Chief Legal Officer & Company Secretary

+44 (0)20 7478 8100
dan.talisman@gamesys.com

Finsbury

James Leviton

Robert Allen

+44 (0)20 7251 3801

GamesysGroup-LON@finsbury.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Gamesys Group PLC

View source version on accesswire.com:
https://www.accesswire.com/665120/Gamesys-Group-PLC-Announces-Block-Listing-Announcement

FAQ

What is the significance of the 1,866,823 shares admitted by Gamesys Group plc?

The shares are part of a block listing and will be issued under the Company's Long Term Incentive Plan, potentially impacting liquidity and investor confidence.

When will the new shares for Gamesys Group plc start trading?

The new shares are expected to begin trading on the London Stock Exchange on September 27, 2021.

What is the purpose of the Long Term Incentive Plan at Gamesys Group plc?

The Long Term Incentive Plan aims to align executive compensation with the long-term performance of the company and shareholder interests.

Will the issuance of new shares affect existing shareholders of JKPTF?

Yes, the issuance of new shares may dilute existing shareholder value.