TIDMDEVO
RNS Number : 2747R
Devolver Digital, Inc.
04 November 2021
4 November 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, TO OR FOR THE ACCOUNT OR BENEFIT OF US PERSONS, AS
DEFINED IN REGULATION S PROMULGATED UNDER THE US SECURITIES ACT OF
1933, AS AMENDED (THE "US SECURITIES ACT"), OR IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
Devolver Digital, Inc
("Devolver" or the "Company")
Admission to AIM and First Day of Dealings
Devolver Digital, Inc, an award-winning digital publisher and
developer of indie video games, is pleased to announce the
admission of its shares to trading on the AIM market of the London
Stock Exchange.
On Admission, the Company will have a market capitalisation of
approximately GBP694.3 million, with a total of 442,256,716
outstanding shares in issue. In connection with Admission, gross
proceeds of GBP190.9 million were raised by way of an
oversubscribed placing of new and existing shares at the Placing
Price of 157 pence per share with institutional and other
shareholders, of which GBP36.5 million of gross proceeds are for
the Company. As part of the Placing, the Selling Shareholders have
agreed to sell, in aggregate, 98,292,740 Sale Shares at the Placing
Price.
Dealings in the shares will commence at 8:00 a.m. today, 4
November 2021, under the ticker DEVO and ISIN number
USU0858L1036.
Zeus Capital is Nominated Adviser and Sole Bookrunner to the
Company.
Devolver Digital overview
Devolver is an award-winning video games publisher in the indie
games space with a balanced portfolio of third-party and own-IP.
Devolver has an emphasis on premium games and has published more
than 90 titles, with more than 30 titles in the pipeline scheduled
for release over the next two years and beyond. Through recent
acquisitions, Devolver now has its own-IP franchises, in-house
studios developing first-party IP and a complementary publishing
brand. Devolver is registered in Wilmington, Delaware, USA.
The Directors believe that Admission will provide Devolver with
access to capital on an ongoing basis to fund the Company's organic
growth strategy, its primary driver. In addition, the Directors
believe Admission will further enhance the Company's reputation as
an ethical publisher, create a currency of the Company's shares and
provide access to capital to make acquisitions where Devolver sees
a cultural fit.
Harry Miller, Executive Chairman of Devolver, said:
"In 2009 a handful of us sat down in Austin, Texas to launch a
new video game label to embrace the fun in video games and never
let go. Today we are 200 people spread across 22 countries, two
publishing brands and five development studios. One thing has not
changed: our team remains passionate about helping developers, and
fellow Devolvers bring interesting and unusual games to the
forefront.
The team at Devolver Digital is forever thankful to our talented
people and the partners and developers that put their trust in us -
and we are excited about what the future holds."
Douglas Morin, Chief Executive Officer of Devolver, said:
" An IPO is the right choice for us to ensure our continued
growth and support even more wonderful games. Most importantly it
will allow us to retain our culture. Being a public company gives
liquidity to our amazing team, all of whom are shareholders. It
also gives us access to capital markets to continue investing in
organic growth and talent."
Enquiries :
Devolver Digital, Inc. ir@devolverdigital.com
Harry Miller, Executive Chairman
Douglas Morin, Chief Executive Officer
Daniel Widdicombe, Chief Financial Officer
Zeus Capital (Nominated Adviser and Sole
Bookrunner)
Richard Darlington, Daniel Harris (Corporate
Finance)
Benjamin Robertson (Equity Capital Markets) +44 (0)20 3829 5000
FTI Consulting (Financial PR) devolver@fticonsulting.com
Jamie Ricketts / Dwight Burden / Valerija +44 ( 0)20 3727 1000
Cymbal / Usama Ali
A copy of the Admission Document relating to Admission is
available on the Company's website at www.devolverdigital.com .
Words and expressions in this announcement shall have the same
meaning as the Admission Document, unless the context otherwise
requires.
Important information
The information contained in this announcement is for background
purposes only and does not purport to be full or complete. Any
purchase of the Company's shares on Admission should be made solely
on the basis of the information contained in the Admission
Document. No reliance may or should be placed by any person for any
purpose on the information contained in this announcement or its
accuracy, fairness or completeness. The information in this
announcement is subject to change.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE
SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR, SECURITIES IN ANY
JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL AND IS
NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR
TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY US PERSON (AS DEFINED IN
REGULATION S UNDER THE US SECURITIES ACT ("US PERSON") , CANADA,
AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN. THE DISTRIBUTION
OF THIS ANNOUNCEMENT MAY BE RESTRICTED BY LAW IN CERTAIN
JURISDICTIONS AND PERSONS INTO WHOSE POSSESSION ANY DOCUMENT OR
OTHER INFORMATION REFERRED TO HEREIN COMES SHOULD INFORM THEMSELVES
ABOUT AND OBSERVE ANY SUCH RESTRICTION. ANY FAILURE TO COMPLY WITH
THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES
LAWS OF ANY SUCH JURISDICTION. THE SHARES HAVE NOT BEEN AND WILL
NOT BE REGISTERED UNDER ANY PROVINCE OR TERRITORY OF CANADA,
AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN, NOR IN ANY
COUNTRY OR TERRITORY WHERE TO DO SO MAY CONTRAVENE LOCAL SECURITIES
LAWS OR REGULATIONS.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER
OF SECURITIES FOR SALE OR THE SOLICITATION OF AN OFFER TO PURCHASE
SECURITIES IN THE UNITED STATES. THE SHARES REFERRED TO HEREIN HAVE
NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE US SECURITIES ACT,
OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF
THE UNITED STATES. THE SHARES REFERRED TO HEREIN WILL BE SUBJECT TO
THE CONDITIONS LISTED UNDER SECTION 903(B)(3), OR CATEGORY 3, OF
REGULATION S UNDER THE US SECURITIES ACT. THE SHARES REFERRED TO
HEREIN ARE "RESTRICTED SECURITIES" AS DEFINED IN RULE 144 UNDER THE
US SECURITIES ACT. PURCHASERS OF THE SHARES MAY NOT OFFER, SELL,
PLEDGE OR OTHERWISE TRANSFER THE SHARES, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF,
ANY US PERSON, EXCEPT PURSUANT TO A TRANSACTION MEETING THE
REQUIREMENTS OF RULES 901 TO 905 (INCLUDING THE PRELIMINARY NOTES)
OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE US SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE US SECURITIES ACT. HEDGING
TRANSACTIONS IN THE SHARES MAY NOT BE CONDUCTED UNLESS IN
COMPLIANCE WITH THE US SECURITIES ACT. THERE WILL BE NO PUBLIC
OFFERING OF THE SHARES IN THE UNITED STATES.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUPGUCGUPGGMW
(END) Dow Jones Newswires
November 04, 2021 03:00 ET (07:00 GMT)
Devolver Digital (LSE:DEVO)
Historical Stock Chart
From Apr 2024 to May 2024
Devolver Digital (LSE:DEVO)
Historical Stock Chart
From May 2023 to May 2024