REG - Devolver Digital - Publication of Annual Report and Accounts

Devolver DigitalAnnouncement

03/05/2022 07:00

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RNS Number : 9795J  Devolver Digital, Inc.  03 May 2022

3 May 2022

Devolver Digital, Inc.

("Devolver Digital" or the "Company")

Publication of Annual Report and Accounts

Small Adjustment to Preliminary Unaudited Results

Devolver Digital (AIM: DEVO), an award-winning digital publisher and developer
of indie video games, announces that its Annual Report and Final Accounts for
the twelve months ended 31 December 2021 (the "Annual Report and Accounts")
have been published.

It is noted that the final audited net income as set out in the Annual Report
and Accounts is $30.6 million. This is $1.8 million lower than the preliminary
unaudited net income figure reported in the preliminary unaudited results of
the Company which were announced on 4 April 2022 (the "Preliminary Unaudited
Results"). This reduction is driven by accounting adjustments in contingent
consideration relating to the acquisitions of some subsidiary companies in
2021. The adjustments are one-time and non-recurring. In all other respects,
the Preliminary Unaudited Results are unchanged, and in particular, this
adjustment does not impact the Company's previously reported normalised
adjusted EBITDA or cash balances.

The Annual Report and Accounts are available on, and can be downloaded from,
Devolver Digital's investor website at investors.devolverdigital.com, and will
be posted to shareholders who require hard copies in due course.

The Company will shortly publish its notice of Annual Meeting, which the
Company plans to hold on 24 June 2022.

 

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

 

About Devolver Digital

 

Devolver Digital 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.

 

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