Last checked at 24 May 2017 07:00
24 May 2017 FOR IMMEDIATE RELEASE
Keywords Studios PLC
("Keywords" or "the Company")
Sale of ordinary shares by Directors (the "Sale")
Keywords (AIM: KWS), the international technical services provider to the global video games industry, announces that it has been informed that PEQ Holdings Ltd. ("PEQ"), the holding company of the founders of Keywords led by Giorgio Guastalla, Non-Executive Director of Keywords, and Andrew Day, CEO of Keywords, successfully sold 3,978,000 and 500,000 ordinary shares in Keywords, respectively (the "Sale Shares") at 820 pence per share, such Sale Shares in aggregate being approximately 8.05 per cent of the existing issued share capital of the Company.
Following the Sale, PEQ and Andrew Day will retain beneficial interests in approximately 7.2 per cent and 5.9 per cent, respectively, of the entire issued share capital of Keywords. PEQ and Andrew Day have agreed to lock-in arrangements in relation to the balance of their ordinary shares of 180 days.
Andrew Day, CEO of Keywords, commented:
"The Sale will help broaden the Company's shareholder register and help satisfy some of the institutional demand for the Company's shares. Giorgio and I retain significant holdings in the Company following the Sale ensuring we are aligned with new and existing shareholders to continue to drive the Company forward."
ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Andrew Day | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Keywords Studios PLC | ||||
b)
| LEI
| NA | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 1 pence
GB00BBQ38507 | ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
NA | ||||
e)
| Date of the transaction
| 24 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Giorgio Guastalla (through PEQ Holdings Ltd) | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Keywords Studios PLC | ||||
b)
| LEI
| NA | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 1 pence
GB00BBQ38507 | ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
NA | ||||
e)
| Date of the transaction
| 24 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
For further information, please contact:
Keywords Studios (www.keywordstudios.com) Andrew Day, Chief Executive Officer David Broderick, Chief Financial Officer
| Tel: +353 190 22 730 |
Numis Securities Stuart Skinner/ Kevin Cruickshank (Nominated Adviser) James Black / Tom Ballard (Corporate Broker)
| Tel: +44 20 7260 1000 |
Berenberg Chris Bowman/Ben Wright/Marie Stolberg (Sole Bookrunner & Placing Agent)
| Tel: +44 20 3207 7800 |
MHP Communications Katie Hunt / Ollie Hoare
| Tel: +44 20 3128 8794 |
|