Proposed Acquisition of VMC

RNS Number : 9050U

Keywords Studios PLC

30 October 2017

 

For immediate release

30 October 2017

Keywords Studios plc ("Keywords", or the "Company" and, together with its subsidiaries, the "Group")

Proposed Acquisition of VMC

A major acquisition in North America; significantly earnings enhancing

Further to the announcement of 24 October 2017, Keywords Studios plc, the international technical services provider to the global video games industry, is pleased to announce that it has completed the acquisition of VMC Consulting Corporation and Volt Canada Inc. on the terms previously announced.

For further information, please contact:

Keywords Studios (www.keywordsstudios.com) Andrew Day, Chief Executive Officer David Broderick, Chief Financial Officer	[phone]
Numis (Financial Adviser) Stuart Skinner / Kevin Cruickshank (Nominated Adviser) James Black / Tom Ballard (Corporate Broker)	020 7260 1000
MHP Communications (Financial PR) Katie Hunt / Ollie Hoare / Nessyah Hart	020 3128 8100

 

IMPORTANT NOTICE 

This announcement has been issued by, and is the sole responsibility of, Keywords Studios plc.

This announcement is not and does not contain an offer of securities for sale or issue, or solicitation of an offer to purchase or subscribe for securities, in the United States Australia, Canada, Japan, South Africa or in any other jurisdiction in which such offer may be unlawful. The securities referred to in this announcement have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold or transferred, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act, in each case in compliance with any applicable securities laws of any state or other jurisdiction of the United States.

Neither the content of the Company's website (or any other website), nor the content of any website accessible from hyperlinks in the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

All times and dates in this announcement are to London time and may be subject to amendment.  

The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser. 

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 37 facilities in 18 countries strategically located in Asia, the Americas and Europe, it provides integrated art creation, software engineering, testing, localisation, audio and customer care services across more than 50 languages and 16 games platforms to a blue-chip client base in more than 15 countries.  It 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, Riot Games, Sony, Square Enix, Supercell, TakeTwo, and Ubisoft. Recent titles worked on include Uncharted 4: A Thief's End, Call of Duty: Infinite Warfare, Mortal Combat X, Assassin's Creed Syndicate, Battlefield 1, Overwatch, World of Warcraft: Legion, Hearthstone, Clash Royale, and Mobile Strike. Keywords Studios is listed on AIM, the London Stock Exchange regulated market (KWS.L). 

 

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