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Published: May 30, 2024

Written by: Barney


  • Guild Esports recently disclosed in a form filed with the London Stock Exchange
  • The company also said the investor is the chairman of Compassare Holdings
  • GE has a Convertible Loan Note Agreement with Compassare Holdings

A Mr. Koshy Vinod has acquired about 66.7 million shares, totaling 8.28% of voting rights shares in Guild Esports.

Guild Esports Reveals Some Financial Details

With a growing esports scene and market, many people like to take a slice of the action and earn from the increasing profits. For this reason, investors often purchase stocks in promising esports brands. British organization Gu8ld Esports recently disclosed in a form filed with the London Stock Exchange, showing that a Dubai-based investor has acquired about 66.7 million shares. This totals 8.28% of voting rights shares in the company.

The shares were acquired by Mr. Koshy Vinod. According to GE’s official list, this makes Vinod the third largest shareholder in the esports brand. In a statement to Esports Insider, the British organization said that the shares were offered as part of a Convertible Loan Note Agreement. Last month, Guild Esports announced a Convertible Loan Note Agreement with Compassare Holdings, worth £250,000 (about $318,000) on a one-year term at an interest rate of 8%. A couple of weeks ago, GE revealed that Compassare Holdings had exercised its right to convert the loan note into 66.7 million new ordinary shares.

According to Guild Esports, the new shareholder is the chairman of Compassare Holdings. In an  earlier release, GE described CH as an investment company based in the United Arab Emirates “with holdings across sectors including oil and gas, food and beverages, technology and sustainable solutions.”

What Else Do We Know?

There hasn’t been much more information revealed about the investment, Mr Vinod, or the company aside from that the place of completion of the share acquisition was Dubai, United Arab Emirates. According to the UK’s law, it is a regulatory requirement to notify the London Stock Exchange when an investor acquires a significant number of voting shares in a listed company. With his large investment in GE, Mr. Vinod passed the threshold for notifying the relevant regulatory organs on May 8th.

According to Guild Esports, the organization was involved in discussions with Vinod and Compassare Holdings around the convertible loan agreement. However, they did not elaborate further on the matter, stating its status as a publicly listed company.

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