22 Jul 2020 07:00
22 July 2020
Sumo Group plc
("Sumo Group" or the "Company")
Director's Dealing
The Company announces that Michael Sherwin, Non-Executive Director, has sold and acquired 5,556 ordinary shares of 1p each in the Company ("Ordinary Shares"). Both transactions took place on 21 July 2020, at a price of 182.5 p per share, as Michael transferred the shares for which he subscribed in the placing announced by the Company on 16 July 2020 into his SIPP.
Following these transactions, Michael's interest in Ordinary Shares is unchanged at 25,556, representing approximately 0.02 per cent of the Company's issued Ordinary Share capital.
The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:
1. | Details of PDMR / person closely associated | |||||||
a) | Name | Michael Sherwin
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2. | Reason for the notification | |||||||
a) | Position / status | Non-Executive Director | ||||||
b) | Initial notification /amendment | Initial notification | ||||||
3. | Details of the issuer | |||||||
a) | Name | Sumo Group plc | ||||||
b) | LEI | 213800LTZXJCG5QKIM14 | ||||||
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 | Ordinary Shares of 1p each | ||||||
b) | Identification code of the Financial Instrument | ISIN for Sumo Group plc: GB00BD3HV384 | ||||||
c) | Nature of the transaction | Sale and purchase
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d) | Price(s) and volume(s) |
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e) | Aggregated information - Aggregated volume - Price | N/A
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f) | Date of the transaction | 21 July 2020 | ||||||
g) | Place of the transaction | London Stock Exchange (XLON) | ||||||
Enquiries: | |
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Sumo Group plc | Via Belvedere Communications |
Carl Cavers, Chief Executive Officer | Tel: +44 (0) 7715 769 078 |
David Wilton, Chief Financial Officer |
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Zeus Capital Limited (Nominated Adviser & Joint Broker) |
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Nick Cowles / Andrew Jones | Tel: +44 (0) 161 831 1512 |
Ben Robertson / John Goold | Tel: +44 (0) 203 829 5000 |
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Investec Corporate & Investment Banking (Joint Broker) |
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David Flin / Bruce Garrow | Tel: +44 (0) 207 597 5970 |
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Belvedere Communications Limited |
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Cat Valentine | Tel: +44 (0) 7715 769 078 |
Keeley Clarke | Tel: +44 (0) 7967 816 525 |
Llew Angus | Tel: +44 (0) 7407 023 147 |
| SumoPR@belvederepr.com |
About Sumo Group plc
Sumo Group's businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, and Canada.
Sumo Digital, as the Group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Leamington Spa, Warrington and Pune, India. The business has acquired three studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton, Red Kite Games in Leeds and Lab42 in Leamington Spa. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.
Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film and visual effects industries.