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Guild Esports secures up to £1 million investment through share subscription agreement

Posted : 30 October 2023
Guild Esports, a UK-based esports organization, has entered into a subscription agreement with an undisclosed esports brand, allowing for the issuance of up to 200 million new shares and potentially raising £1 million in funding.
 
The proceeds from this arrangement will be allocated towards the organization's growth and expansion efforts, particularly in the MENA region. The shares will be divided into three segments, with the first already subscribed to, the second anticipated to occur on October 30th, and the third contingent on a broader partnership between Guild Esports and the unnamed investor.
 
While the identity of the collaborating company remains confidential, Guild has described it as an international esports, content creation, and media brand. The first two rounds of share subscriptions each amount to £250,000, with no specific data set for the third round.
 
Guild expects a broader commercial agreement to develop between the two parties. As a publicly traded esports organization on the London Stock Exchange, Guild Esports anticipates an increase in total shares and voting rights to over 822 million after the transition is finalized, with 200 million shares attributed to the undisclosed esports brand.
 
The funding will be instrumental in supporting Guild Esports' international expansion plans and its entry into new markets, with a particular emphasis on establishing a presence in the MENA region. The organization aims to seize a foothold in this rapidly emerging esports hub, aligning with its vision of becoming a leading international esports and gaming-focused media brand. Guild Esports is enthusiastic about the opportunities this subscription brings and looks forward to deepening its relationship with the partner brand.

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