Guild eSports Raises £130,000 in Recent Placing

By Elena Vardon

Guild eSports, a leading e-sports company based in the U.K., announced on Thursday that it has raised an additional £130,000 ($159,718) through a recent placing of shares. This follows their recent subscription.

The company placed 26 million new shares at a price of 0.5 pence each, which is the same price as the previous fundraise. In October, Guild eSports disclosed plans to raise up to £1 million by placing 200 million new ordinary shares with a strategic investor.

The placing price represents a 36% discount to the closing price on Wednesday, which was 0.78 pence, and an 8.7% premium to the closing price on October 27, the day before the initial subscription announcement.

Jasmine Skee, Chief Executive of Guild eSports, expressed enthusiasm about the additional funding, stating, "This injection of capital, together with the funds announced last month, opens up exciting opportunities for Guild and allows us to accelerate our strategic initiatives."

As of 0916 GMT, Guild eSports shares were trading down 0.05 pence, or 5.8%, at 0.73 pence.