
Gfinity appointed to deliver VELO ESERIES ‘Beat Your Heroes’
Gfinity PLC to deliver the ‘Beat Your Heroes’ live-streamed virtual races of its new VELO ESERIES with Formula 1 team, McLaren Racing
Gfinity plc (AIM: GFIN), a world-leading esports and gaming solutions provider, is pleased to announce the appointment of Len Rinaldi as Non-Executive Director with immediate effect. Len will join the company’s Audit and Remuneration Committees.
Mr Rinaldi spent the last twelve years with Apple, the multinational technology company. Most recently, he was the General Manager for Apple Western Europe, a role he held for seven years. In this role, Mr Rinaldi was responsible for all partner relationships across all Apple products, software and services with $20bn portfolio under management. Mr Rinaldi joined Apple in 2007, and served as Apple’s CFO EMEIA for five years, during which time he oversaw significant revenue growth at the division from $7bn to $40bn.
Mr Rinaldi has held previous senior leadership roles at Alcatel Lucent SA and Lucent Technologies. He has also served as a board member at Apple India (2010-2012) and Apple France (2007-2012) and brings significant global expertise, working across the US, Europe, the Middle East, Africa and China.
As part of his appointment, the Company is entering into an option arrangement with Mr Rinaldi. Under the terms of the option arrangement Mr Rinaldi will be granted an option over 2,000,000 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”).
The options will be exercisable at 3.6p per share (the “Exercise Price”), being the average closing mid-market share price in the 30 days leading up to the date of the grant. 1,500,000 of the options will vest on the date of grant; 500,000 of the options will vest one year following the date of grant.
The new options will expire on 18 December 2030 if not exercised.
Due to the option arrangement being entered into by the Company and Mr Rinaldi, Mr Rinaldi is not considered to be independent by the directors of the Company.
Neville Upton, Founder and Chairman of Gfinity said: “The Board and I are delighted to welcome Len to Gfinity. He is a respected global operator with a proven track record of growing businesses. Len brings a wealth of insight and experience that will be invaluable to the company as it looks to accelerate its growth strategy over the next two to three years. CEO John Clarke and his senior team will benefit greatly from Len’s leadership experience.”
Len Rinaldi said: “I am excited to join a rapidly growing and ambitious business that has clear strategic priorities in place. Gfinity has a strong business model that can take it to the next level, and I look forward to working with John and the leadership team to help the business fully realise its ambitions.”
The following details in relation to the appointment of Mr Leonard (Len) Richard Rinaldi JR (aged 53) are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships
|
Past directorships held within last 5 years |
Lemonrock Motorcycle Tours (Co-Founder) theTULMgroup (Founder) Bath University (Advisory Board) Notre Dame University (Alumni Group)) Apple Premium Reseller (AMAC – The Netherlands)
|
N/A
|
There is no further information to be disclosed in relation to Len Rinaldi’s appointment pursuant to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.
Gfinity PLC to deliver the ‘Beat Your Heroes’ live-streamed virtual races of its new VELO ESERIES with Formula 1 team, McLaren Racing
Gfinity successfully delivered Vikkstar’s King of the Hill in celebration of the launch of Season 1 of Call of Duty: Black Ops Cold War.
Following the success of the F1 Esports Series in 2020, Gfinity has been selected to deliver the second season of the F1 Esports Virtual Grand Prix.
Gfinity announces the appointment of Catherine Bygrave, who has been at the forefront of digital transformation in the video games industry for many years.
© 2020 Gfinity. Trademarks and brands are the property of their respective owners.
Gfinity plc is incorporated in England and Wales and its main country of operation is the UK.
Information displayed on this site is provided for the purpose of compliance with AIM rule 26. The information was last updated on 10 July 2020
Photography ©Joe Brady