6 December 2021
SEMPER FORTIS ESPORTS PLC
("Semper Fortis Esports" or the "Company")
Directorate Change
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, announces that Kevin Soltani has stepped down as a director and as Chief Executive Officer with immediate effect and by mutual consent.
In addition, the Company will establish an Employee Benefit Trust, for the benefit of current and future employees, to acquire all of the ordinary shares and redeemable preference shares in the Company held by GIMA Group Inc and GIMA Group Inc will surrender all its warrants over ordinary shares in the Company. Kevin Soltani held all of his interests in ordinary shares and redeemable shares in the Company within GIMA Group Inc. Furthermore, the share options granted to Kevin Soltani will lapse.
Keith Harris, non-executive Chairman, will become interim Executive Chairman pending a search for and appointment of a Chief Executive Officer.
The board notes that Kevin has led considerable progress in building the Company's esports team rosters. The next phase for the Company will be to look to commence the commercialisation of these teams.
The board places on record its thanks to Kevin for his efforts in bringing Semper Fortis Esports through its successful IPO and immediate post-IPO team building phase and wishes him well for the future.
For more information, please contact:
| Semper Fortis Esports plc |
via Square1 Consulting |
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Keith Harris, Executive Chairman Jassem Osseiran, Chief Operating Officer Max Deeley, Finance Director |
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| Hybridan LLP - AQSE Corporate Adviser and Broker |
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| Claire Noyce, Managing Partner, Corporate Finance Niall Pearson, Head of Corporate Broking & Sales |
+44 203 764 2341 +44 203 764 2343 |
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| Square1 Consulting |
+44 207 929 5599 |
| David Bick
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+44 7831 381201 |
About Semper Fortis Esports plc
Semper Fortis Esports PLC is a multi-operational Esports organisation converging high growth team infrastructures, gaming technology solutions and corporate business advisory services. Best known for its competitive esports team SMPR, Semper Fortis leverages its position in competitive electronic sports to produce disruptive game-based solutions and interactive experiences fusing physical and digital.
Semper Fortis translates in Latin to "Always Strong", channelling its expertise in sports, media and entertainment to strengthen, innovate and add value to the Esports ecosystem in the United Kingdom.
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