7 April 2022
SEMPER FORTIS ESPORTS PLC
("Semper Fortis Esports" or the "Company")
Establishment of Employee Benefit Trust
Semper Fortis Esports PLC (AQSE: SEMP), the esports Company focused on establishing esports teams and forming brand and technology partnerships, announces that it has established an Employee Benefit Trust ("EBT"). The EBT will be for the benefit of current and future employees.
In addition, the EBT has completed the acquisition of all the Ordinary Shares (41,000,000 Ordinary Shares) and all the Redeemable Preference Shares (12,587 Redeemable Preference Shares) held by GIMA Group Inc for a total consideration of £56,747. This transaction had been agreed between Mr Soltani (the former CEO) and the Company in December 2021 at the time of his departure. Mr Soltani held his share interests in Semper Fortis Esports within GIMA Group Inc.
The Board notes that this concludes all matters relating to the departure of Mr Soltani and believes that the formation of an EBT will be an important benefit to the Company in attracting new talent and incentivising existing members of the management team.
For more information, please contact:
| Semper Fortis Esports plc |
via Square1 Consulting |
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Keith Harris, Non-Executive Chairman & Interim Chief Executive Officer 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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