Gamesys Group PLC - Block Listing Announcement

Rhea-AI Summary

Gamesys Group plc (LSE:GYS)(OTC PINK:JKPTF) has applied for the admission of 90,000 ordinary shares to the Official List. The shares, each valued at £0.10, are set to be admitted on April 9, 2021. This issuance is part of the Company's Long Term Incentive Plan and Share Incentive Plan, which aims to reward employees. Once issued, these shares will rank equally with existing ordinary shares, enhancing the overall capital structure.

Positive

• Admission of 90,000 ordinary shares to the Official List supports share-based employee incentives.
• Shares will rank pari passu with existing ordinary shares, indicating stable ownership structure.

Negative

• None.

Block Admission

LONDON, UK / ACCESSWIRE / April 1, 2021 / Gamesys Group plc (LSE:GYS)(OTC PINK:JKPTF) (the "Company") announces that an application has been made to the Financial Conduct Authority and the London Stock Exchange for 90,000 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 9 April 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 and Share 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), Heart Bingo (www.heartbingo.co.uk), 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/638597/Gamesys-Group-PLC--Block-Listing-Announcement

FAQ

What is the significance of the block admission of shares for Gamesys Group plc (JKPTF)?

The block admission allows Gamesys to issue shares as part of employee incentive plans, enhancing employee retention.

When will the shares for Gamesys Group plc be admitted to trading?

The shares are expected to be admitted to trading on April 9, 2021.

How many shares is Gamesys Group plc applying to admit to the Official List?

Gamesys Group plc is applying to admit 90,000 ordinary shares.

What is the nominal value of each share for Gamesys Group plc's block admission?

Each share has a nominal value of £0.10.