TIDMDEVO
RNS Number : 3008Z
Devolver Digital, Inc.
12 May 2023
12 May 2023
Devolver Digital, Inc.
("Devolver Digital", "Devolver" or the "Company", and the
Company together with all of its subsidiary undertakings "the
Devolver Group", or "Group")
Treasury Share Admission and Update
Devolver Digital, an award-winning digital publisher and
developer of independent ("indie") video games, announces that it
has applied for the admission to trading on AIM ("Admission") of
34,668,475 shares of common stock, $0.0001 par value each
("Shares"), which the Company holds in treasury (the "Treasury
Shares"). The Company is applying for Admission of the Treasury
Shares in order to facilitate the exercise of options and to reduce
the administrative burden in satisfying LTIP and other awards. The
Company may also use the Treasury Shares for other corporate
purposes at its discretion.
The Admission of the Treasury Shares will not increase the total
voting rights outstanding in the Company. It is expected that
Admission will become effective on or around 16 May 2023.
As announced on 11 May 2022, the Company may transfer Treasury
Shares to satisfy the exercise of options under the 2017 Equity
Incentive Plan. The Company has also previously utilised Treasury
Shares to satisfy 2022 LTIP Awards. A complete table of Treasury
Share transfers is set out below:
Date Number of Number of Number of Number of
Treasury Shares Treasury Shares Treasury Shares Shares in
Prior to Transfer Transferred held by the Issue and
by the Company Company Following Outstanding
to Satisfy the Transfer Following
the Exercise the Transfer
of Options
or LTIP Awards
19/05/2022 37,244,200 679,271 36,564,929 442,935,987
------------------- ----------------- ------------------- --------------
09/06/2022 36,564,929 430,362 36,134,567 443,366,349
------------------- ----------------- ------------------- --------------
01/09/2022 36,134,567 175,000 35,959,567 443,541,349
------------------- ----------------- ------------------- --------------
08/09/2022 35,959,567 110,833 35,848,734 443,652,182
------------------- ----------------- ------------------- --------------
13/10/2022 35,848,734 144,900 35,703,834 443,797,082
------------------- ----------------- ------------------- --------------
20/10/2022 35,703,834 9,513 35,694,321 443,806,595
------------------- ----------------- ------------------- --------------
03/11/2022 35,694,321 81,667 35,612,654 443,888,262
------------------- ----------------- ------------------- --------------
08/12/2022 35,612,654 18,990 35,593,664 443,907,252
------------------- ----------------- ------------------- --------------
15/12/2022 35,593,664 200,000 35,393,664 444,107,252
------------------- ----------------- ------------------- --------------
16/12/2022 35,393,664 455,058 34,938,606 444,562,310
------------------- ----------------- ------------------- --------------
23/12/2022* 34,938,606 166,840 34,771,766 444,729,150
------------------- ----------------- ------------------- --------------
12/01/2023 34,771,766 11,666 34,760,100 444,740,816
------------------- ----------------- ------------------- --------------
26/01/2023 34,760,100 91,625 34,668,475 444,832,441
------------------- ----------------- ------------------- --------------
*previously described as "new" common shares in the announcement
published on 16(th) December 2022, these shares were not newly
issued and were a transfer of treasury shares
Following the transfer of 2,575,725 treasury shares that are
outlined in the table above, the Company holds 34,668,475 shares in
treasury.
Any future transfer of Treasury Shares will be announced without
delay.
Following Admission, the Company's issued and outstanding share
capital is unchanged and comprises 444,832,441 Shares (excluding
Shares held in treasury) and this number 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 FCA's Disclosure Guidance and Transparency
Rules.
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 Sole Broker) +44 (0)20 3829 5000
Nick Cowles, Jamie Peel, Matt Hogg (Investment
Banking)
Ben Robertson (Equity Capital Markets)
FTI Consulting devolver@fticonsulting.com
Jamie Ricketts / Dwight Burden / Valerija
Cymbal / Usama Ali +44 (0)20 3727 1000
Devolver Digital overview
Devolver Digital is an award-winning video games publisher in
the indie games space with a balanced portfolio of third-party and
own-IP. The Company has an emphasis on premium games and has a back
catalogue of over 100 titles, with more than 30 new titles in the
pipeline. Through acquisitions, Devolver now has its own-IP
franchises, in-house studios developing first-party IP and two
publishing brands. The Company is registered in Wilmington,
Delaware, USA.
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END
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