18 May 2020
Keywords Studios PLC
("Keywords Studios", "the Company")
Block Admission
The Company announces that an application has been made for a block admission to trading on AIM in respect of 900,000 ordinary shares of 1p each ("New Ordinary Shares") in the share capital of the Company (the "Block Admission"). It is expected that such admission will become effective on 19th May 2020.
The New Ordinary Shares will be issued from time to time pursuant to exercises of options under the Company's employee share schemes (the "Incentive Schemes"), as follows:
· 600,000 shares in respect of the Long Term Incentive Plan; and
· 300,000 shares in respect of the Share Option Plan.
When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu with the existing ordinary shares of the Company.
The Block Admission is considered adequate for anticipated exercises of options under the Incentive Schemes for the foreseeable future.
The Company's issued share capital will not change as a result of the Block Admission.
For further information, please contact:
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Keywords Studios (www.keywordsstudios.com) Andrew Day, Chief Executive Officer Jon Hauck, Chief Financial Officer Joseph Quinn, Investor Relations |
+353 190 22 730 |
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Numis (Financial Adviser) Stuart Skinner/Kevin Cruickshank (Nominated Adviser) James Black/Will Baunton (Corporate Broker) |
+44 20 7260 1000 |
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MHP Communications (Financial PR) Katie Hunt/James Midmer/Charles Hirst
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+44 20 3128 8100 keywords@mhpc.com |
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 59 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: Black Ops 4, Mortal Combat X, Assassin's Creed Odyssey, Borderlands 3, League of Legends, Fortnite, Clash Royale and Rainbow Six Siege. Keywords Studios is listed on AIM, the London Stock Exchange regulated market (KWS.L).