REG - Devolver Digital - Block listing application

Devolver DigitalAnnouncement

11/05/2022 16:00

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RNS Number : 1593L  Devolver Digital, Inc.  11 May 2022

Devolver Digital, Inc.

("Devolver Digital" or the "Company")

Block listing application

Devolver Digital (AIM:DEVO), an award-winning digital publisher and developer
of indie video games, announces that an application has been made to the
London Stock Exchange for a block listing of securities in respect of a total
of 40,481,490 shares of common stock par value $0.0001 each in the capital of
the Company (the "Shares").

The block listing application will be used to facilitate the admission of
Shares to trading on AIM which are to be issued following: (i) the exercise
from time to time of certain outstanding options which had been previously
granted pursuant to the Devolver Digital, Inc. 2017 Equity Incentive Plan (a
total of 40,157,075 Shares); and (ii) the exercise from time to time of
certain warrants which had previously been granted to subscribe for a further
324,415 Shares ("Exercises").

The Company may satisfy the Exercises (whether in part or in whole, as the
case may be) by the issue of new Shares or by the transfer of certain of the
37,244,200 shares of common stock which it currently holds in treasury.

It is expected that admission of the Shares will become effective on or around
17 May 2022.

When issued or transferred, the Shares will be credited as fully paid and will
rank pari passu in all respects with the existing shares of common stock par
value $0.0001 each in the capital of the Company.

The Company will make six-monthly announcements of the utilisation of the
block admission, in line with its obligations under Rule 29, and include
information required by Schedules 6 and 7, (as appropriate), of the AIM Rules.

At the time of this announcement, the Company has 442,256,716 shares of
common stock par value $0.0001 each in issue and outstanding (excluding
treasury shares). This figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the disclosure obligations in the
Company's Bylaws which broadly replicate rule 5 of FCA's Disclosure Guidance
and Transparency Rules.

 

About Devolver Digital

 

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. Devolver has in-house studios developing first-party IP titles and a
complementary publishing brand. Devolver is registered in Wilmington,
Delaware, USA.

 

Enquiries

 

 Devolver Digital, Inc.                                         ir@devolverdigital.com

 Harry Miller, Executive Chairman

 Douglas Morin, Chief Executive Officer

 Daniel Widdicombe, Chief Financial Officer

 Zeus (Nominated Adviser and Broker)                            +44 (0)20 3829 5000

 Richard Darlington, Daniel Harris (Investment Banking)

 Benjamin Robertson (Equity Capital Markets)

 FTI Consulting (Communications Adviser)                        devolver@fticonsulting.com

 Jamie Ricketts / Dwight Burden / Valerija Cymbal / Usama Ali   +44 (0)20 3727 1000

 

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