Mr. Konrad Wasiela reports
ESE PRODUCES 23 DAYS OF NATIONAL TV BROADCASTS FOR THE RIOT GAMES, LEAGUE OF LEGENDS TOURNAMENT: WORLDS 2023
ESE Entertainment Inc.'s media production unit will produce 23 days of live broadcasts for the League of Legends World Championship 2023 -- Worlds 2023. League of Legends is one of the most popular video game titles in the world, produced by publisher Riot Games. The broadcast, complete with native commentary for European fans, will be conducted from a professional studio covering an area of 500 square metres. The most significant League of Legends matches can be followed through on-line platforms, including Twitch and YouTube, as well as on television through Polsat Games.
ESE is responsible for selecting the commentary team, signal production and transmission. During the 23 days of gameplay, viewers can also expect surprises, such as visits from well-known figures from the League of Legends world and interviews with special guests.
Worlds 2023 is considered the most important tournament of the League of Legends season, taking place this year in the South Korean cities of Busan and Seoul. The tournament is divided into five phases: Play-ins, group stage, quarter-finals, semi-finals and finals. Twenty-two teams from around the world have qualified for the competition, vying for the title of world champion and a prize pool of $2.2-million (U.S.).
"We are excited that Riot Games has once again entrusted us with this fantastic global production. An event of this calibre deserves world-class production, which is why all matches will be produced and broadcast from a large television studio covering an area of 500 square metres, space for commentators and content areas for interviews with invited guests," said Konrad Wasiela, chief executive officer of ESE Entertainment.
ESE also announces option grants
The company announces that is has granted a total of 1.25 million options to purchase common shares in the capital of the company to certain employees, consultants, officers and directors of the company under its equity incentive plan. The granted options are exercisable at a price of 13 cents per share and expire five years from the date of grant. All of the options vest on the date of grant.
Of the options granted, 250,000 options were granted to directors and officers of the company. The company relied on Section 5.5(b) of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101) as the exemption from the formal valuation requirements of MI 61-101 and TSX Venture Exchange Policy 5.9 in respect of the options granted to the directors and officers of the company, as no securities of the company are listed on a specified market as defined in MI 61-101. The company relied on Section 5.7(1)(a) of MI 61-101 as the exemption from the minority approval requirements of MI 61-101 and TSX Venture Exchange Policy 5.9 in respect of the options granted to the directors and officers of the company, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the options granted to the directors and officers of the company exceeded 25 per cent of the company's market capitalization.
About ESE Entertainment Inc.
ESE is a global technology company focused on gaming and e-sports. The company provides a range of services to leading video game developers, publishers and brands by providing technology, infrastructure and fan engagement services internationally. ESE also operates its own e-commerce channels, e-sports teams and gaming leagues.
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