Keywords Studios PLC Issue of Shares (7719L)
24 April 2018 - 4:00PM
UK Regulatory
TIDMKWS
RNS Number : 7719L
Keywords Studios PLC
24 April 2018
24 April 2018
Keywords Studios plc ("Keywords", "the Group")
Issue of Shares
Keywords Studios, the international technical services provider
to the global video games industry, announces that 1,239,825 new
ordinary shares have today been issued to the vendors of Synthesis,
comprising (i) 1,188,263 shares in respect of the second tranche of
non-contingent deferred share consideration due on the second
anniversary of Synthesis being acquired, and (ii) 51,562 shares in
respect of EUR1m of contingent consideration that is payable
following revenue targets being achieved, which the vendors have
elected to receive in new Keywords shares rather than cash. Since
acquisition the shares to be issued relating to Synthesis have been
fully represented in the reported earnings per share numbers
through the basic and diluted weighted average denominators used.
The shares will be subject to orderly marketing restrictions for a
period of 12 months following issue. There are no further payments
due to the vendors of Synthesis, which was acquired in April
2016.
Application has been made to the London Stock Exchange for the
admission of 1,239,825 new ordinary shares to trading on AIM.
Admission of the new shares is expected to take place at 8:00am on
26 April 2018. The Company's total issued share capital following
admission will consist of 62,985,277 ordinary shares of one pence
each with one voting right per share. The above figure of
62,985,277 may be used by shareholders as the denominator for the
calculations by which they can determine if they are required to
notify their interest in, or a change to their interest in, the
Company following admission.
For further information, please contact:
Keywords Studios (www.keywordsstudios.com)
Andrew Day, Chief Executive
Officer
David Broderick, Chief Financial
Officer +353 190 22 730
Numis (Financial Adviser)
Stuart Skinner / Kevin Cruickshank
(Nominated Adviser)
James Black / Tom Ballard
(Corporate Broker) 020 7260 1000
MHP Communications (Financial 020 3128 8771
PR) keywords@mhpc.com
Katie Hunt / Ollie Hoare
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) prior to its release as part of this
announcement.
About Keywords Studios (www.keywordsstudios.com)
Keywords Studios is an international technical services provider
to the global video games industry. Established in 1998, and now
with over 40 facilities in 20 countries strategically located in
Asia, the Americas and Europe, it provides integrated art creation,
software engineering, testing, localisation, audio and customer
care services across more than 50 languages and 16 games platforms
to a blue-chip client base of approximately 650 clients across the
globe. It has a strong market position, providing services to 23 of
the top 25 most prominent games companies, including Activision
Blizzard, Bandai Namco, Bethesda, Electronic Arts, Konami, Riot
Games, Sony, Square Enix, Supercell, TakeTwo, and Ubisoft. Recent
titles worked on include Uncharted 4: A Thief's End, Call of Duty:
WWII, Mortal Combat X, Assassin's Creed Origins, Battlefield 1,
League of Legends, Fortnite, Clash Royale, and Mobile Strike.
Keywords Studios is listed on AIM, the London Stock Exchange
regulated market (KWS.L).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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