REG - Keywords Studios PLC - Issue of Shares

Keywords StudiosAnnouncement

07/01/2021 07:01

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RNS Number : 8399K  Keywords Studios PLC  07 January 2021

7 January 2021

 

Keywords Studios plc ("Keywords Studios", "the Company")

 

     Issue of Shares

 

Further to the announcement on 15 December 2020, Keywords Studios, the
international technical and creative services provider to the global video
games industry, today announces the issuance of 307,597 new ordinary shares
to the vendors of High Voltage Software, Inc. ("High Voltage") in respect of
the initial share consideration due within 30 days of High Voltage being
acquired.  The 307,597 new ordinary shares will be subject to a one-year
lock-in period and orderly market provisions for a further period.  Subject
to performance targets and other conditions being met on or prior to 31
December 2021, further consideration of up to US$16.5m, in a mix of cash and
new ordinary shares, will become payable to the vendors of High Voltage.

 

Since the acquisition, the shares to be issued relating to High Voltage 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 307,597 new ordinary shares to trading on AIM.  Admission of the new
shares is expected to take place at 8:00am on 12 January 2021.  The Company's
total issued share capital following admission will consist of 74,386,840
ordinary shares of one pence each with one voting right per share.  The
figure of 74,386,840 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)       +353 190 22 730

   Andrew Day, Chief Executive Officer

   Jon Hauck, Chief Financial Officer

   Joseph Quinn, Investor Relations

   Numis Securities                                 +44 20 7260 1000

   Stuart Skinner/Kevin Cruickshank/Will Baunton

   MHP Communications (Financial PR)                +44 20 3128 8193

   Katie Hunt/James Midmer/Charles Hirst            keywords@mhpc.com (mailto:keywords@mhpc.com)

About Keywords Studios (www.keywordsstudios.com
(http://www.keywordsstudios.com/) )

 

Keywords Studios is an international technical services provider to the global
video games industry. Established in 1998, and now with 65 facilities in 21
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).

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