Placing, Subscription & Director Shareholdings
Gana Media Group plc has successfully raised £750,000 before expenses through a Placing and Subscription, issuing 375,000,000 new ordinary shares at 0.2p each, a 5% premium to the previous closing price. Each new share comes with one warrant exercisable at 0.4p. Directors Stefano Loreti, Mark Epstein, and John Barker participated in the subscription, acquiring 25,000,000, 15,000,000, and 25,000,000 shares respectively. The company plans to use the proceeds to fund key growth projects, supported by positive trading momentum in its Mexican online casino and sportsbook, Estadio Gana. Following these issuances, the total voting rights will be 18,110,957,237 ordinary shares.
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Gana Media Group plc, the AIM quoted content and data intelligence company which aims to create a leading integrated sports, media and entertainment conglomerate focused within the Latin American region, and particularly the Mexican market, is pleased to announce a Placing and Subscription by a number of investors including Directors to raise £750,000 before expenses as outlined below (the "Fundraise").
In total, 375,000,000 new Ordinary Shares of 0.01p each ("new Ordinary Shares") have been issued at 0.2p per share, resulting in proceeds received before expenses of £750,000. The Placing, undertaken by AlbR Capital raised a total of £235,000 before expenses, and the Subscription arranged by the Company raised £515,000. For each new Ordinary Share, one warrant exercisable at 0.4p per share, expiring 12 months following Admission will be issued (the "Warrants"). The issue price of 0.2p represents a 5% premium to the closing price on AIM on 11 June 2026 of 0.19p.
The Company is also pleased to update on Estadio Gana (www.estadiogana.mx), its licensed online casino and sportsbook in Mexico. Trading momentum has continued to build through the second quarter, with new registrations and wagering volumes (total betting) up significantly. The Board believes this growth supports the rationale for today's fundraising and positions the brand well for the World Cup window and beyond. The Company intends to use the proceeds of the Fundraise to increase spending on a number of key projects that we believe will energise our growth further.
Application will be made to the London Stock Exchange for admission of the 375,000,000 new Ordinary Shares which will rank pari passu with the existing ordinary shares of 0.01p in issue. It is expected that Admission will become effective and dealings in the Ordinary Shares will commence at 8.00 a.m. on or around 22 June 2026.
Following the Placing and Subscription, the holdings of the Directors who have Subscribed today (along with Farzad Peyman-Fard to update his Shareholding from that contained incorrectly in the Admission Document dated 19 December 2025) are as shown below.
| Shares subscribed for | Resultant Shareholding | % of the Enlarged Issued Share Capital | |
|---|---|---|---|
| Stefano Loreti | 25,000,000 | 901,357,852 | 4.98 |
| Mark Epstein | 15,000,000 | 1,159,813,398 | 6.40 |
| John Barker | 25,000,000 | 442,454,515 | 2.44 |
| Farzad Peyman-Fard | 0 | 81,244,777 | 0.45 |
Total Voting Rights ("TVR")
Following the issue of the Ordinary Shares as described above, the Company's issued share capital consists of 18,110,957,237 ordinary shares with a nominal value of 0.01p each, with voting rights. The Company does not hold any Ordinary Shares in Treasury.
Following the issue of the Warrants, this brings the total warrants and options in issue to 2,900,472,994 representing 16.0% of the Company's Enlarged Issued Share Capital.
| a) | Name | Stefano Loreti |
| 2 | Reason for notification | |
| a) | Position / status | Director |
| b) | I niti a l noti f i ca t i on /Am e ndm e nt | Initial |
| a) | Name | Gana Media Group plc |
| b) | LEI | LEI: 213800CJX7WW927QWP43 |
| a) | D e s cr iption of the f in a n c i a l inst r um e nt, t y pe of inst r um e nt I d e nti f i ca tion c o d e | Ordinary shares of 0.01 pence each in Gana Media Group plc ISIN GB00B0WJ3L68 |
| Nature of the transaction | Purchase of shares | |
| c) | Price(s) and volumes(s) | Price(s) Volumes(s) 0.2 pence 25,000,000 |
| d) | Aggregated information | n/a |
| e) | Date of the transaction | 15 June 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
| a) | Name | Mark Epstein |
| 2 | Reason for notification | |
| a) | Position / status | Director |
| b) | I niti a l noti f i ca t i on /Am e ndm e nt | Initial |
| a) | Name | Gana Media Group plc |
| b) | LEI | LEI: 213800CJX7WW927QWP43 |
| a) | D e s cr iption of the f in a n c i a l inst r um e nt, t y pe of inst r um e nt I d e nti f i ca tion c o d e | Ordinary shares of 0.01 pence each in Gana Media Group plc ISIN GB00B0WJ3L68 |
| Nature of the transaction | Purchase of shares | |
| c) | Price(s) and volumes(s) | Price(s) Volumes(s) 0.2 pence 15,000,000 |
| d) | Aggregated information | n/a |
| e) | Date of the transaction | 15 June 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
| a) | Name | John Barker |
| 2 | Reason for notification | |
| a) | Position / status | Director |
| b) | I niti a l noti f i ca t i on /Am e ndm e nt | Initial |
| a) | Name | Gana Media Group plc |
| b) | LEI | LEI: 213800CJX7WW927QWP43 |
| a) | D e s cr iption of the f in a n c i a l inst r um e nt, t y pe of inst r um e nt I d e nti f i ca tion c o d e | Ordinary shares of 0.01 pence each in Gana Media Group plc ISIN GB00B0WJ3L68 |
| Nature of the transaction | Purchase of shares | |
| c) | Price(s) and volumes(s) | Price(s) Volumes(s) 0.2 pence 25,000,000 |
| d) | Aggregated information | n/a |
| e) | Date of the transaction | 15 June 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.