Keywords Studios PLC Issue of Shares (0434V)
April 12 2021 - 1:00AM
UK Regulatory
TIDMKWS
RNS Number : 0434V
Keywords Studios PLC
12 April 2021
12 April 2021
Keywords Studios plc ("Keywords Studios", "the Company")
Issue of Shares
Further to the announcement on 18 March 2021, Keywords Studios,
the international technical and creative services provider to the
global video games industry, today announces the issuance of
368,750 new ordinary shares being the initial share consideration
for the Company's 85% investment[1] in Tantalus Media Pty Ltd
("Tantalus"). The 368,750 new ordinary shares will be subject to a
one-year lock-in period and orderly market provisions for a further
one year period. Subject to performance targets for Tantalus over
two years, further consideration of up to US$16.2m, in a mix of
cash and new ordinary shares, will become payable to the vendor of
the 85% shareholding.
Since the acquisition, the shares to be issued have been fully
represented in the reported earnings per share numbers through the
basic and diluted weighted average denominators used.
Application has been made to the London Stock Exchange for the
admission of 368,750 new ordinary shares to trading on AIM.
Admission of the new shares is expected to take place at 8:00am on
15 April 2021. The Company's total issued share capital following
admission will consist of 74,833,622 ordinary shares of one pence
each with one voting right per share. The figure of 74,833,622 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)
Jon Hauck, Joint Interim Chief
Executive Officer
Sonia Sedler, Joint Interim Chief
Executive Officer
Joseph Quinn, Investor Relations +353 190 22 730
Numis Securities
Stuart Skinner/Kevin Cruickshank/Will
Baunton +44 20 7260 1000
+44 20 3128 8193
MHP Communications (Financial PR) keywords@mhpc.com
Katie Hunt/James Midmer/Charles
Hirst
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 65 facilities in 22 countries strategically located in
Asia, the Americas and Europe, it provides integrated art creation,
marketing services, software engineering, testing, localization,
audio and customer care services across more than 50 languages and
16 games platforms to a blue-chip client base of over 950 clients
across the globe.
Keywords Studios 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, Microsoft, Riot Games, Square Enix, Supercell,
TakeTwo, Epic Games and Ubisoft. Recent titles worked on include
Call of Duty: Modern Warfare, Anthem, Star Wars Jedi: Fallen Order,
Assassin's Creed Odyssey, Valorant, League of Legends, Fortnite,
Clash Royale and Doom Eternal. Keywords Studios is listed on AIM,
the London Stock Exchange regulated market (KWS.L).
[1] The shares will be issued to the vendor of 85% of the issued
share capital of Keywords Australia Pty Ltd which wholly owns
Tantalus Media Pty Ltd.
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END
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