RECOMMENDED FINAL CASH ACQUISITION 2450P3 Jul 2024 07:34
FOR IMMEDIATE RELEASE
3 July 2024
RECOMMENDED FINAL CASH ACQUISITION[1]
of
Keywords Studios Plc ("Keywords Studios")
by
Houting UK Limited ("Bidco")a newly formed company indirectly wholly-owned by EQT's BPEA Fund VIII
to be effected by means of a scheme of arrangementunder Part 26 of the UK Companies Act 2006
Summary
· The boards of Bidco and Keywords Studios are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Keywords Studios by Bidco. The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.
· Under the terms of the Acquisition, each Keywords Studios Shareholder shall be entitled to receive:
for each Keywords Studios Share 2,450 pence in cash ("Acquisition Price")