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Codemasters Grp Hldg (CDM)

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Friday 28 June, 2019

Codemasters Grp Hldg

Directorate Change

RNS Number : 7437D
Codemasters Group Holdings PLC
28 June 2019

28 June 2019

Codemasters Group Holdings Plc

("Codemasters" or the "Company")


Directorate Change


Codemasters Group Holdings Plc (AIM: CDM), the award winning British video game developer and publisher specialising in high quality racing games, announces that Shibasish Sarkar has resigned as Non-Executive Director of the Company with immediate effect. His resignation is in accordance with the terms of the relationship agreement between Codemasters and Reliance Big Entertainment Pte. Ltd ('Reliance'), as detailed in paragraph 12.6 of Part VII of the Company's Admission Document dated 29 May 2018, and follows Reliance's holding in the Company now representing less than 20% of the total voting rights in the Company.

Following Mr Sarkar's resignation, the Company intends to appoint an additional, independent Non-Executive Director and will begin a process to identify suitable candidates shortly. A further update will be provided in due course.


Frank Sagnier, Chief Executive of Codemasters, commented:

"Shibasish has been with the Group since 2012 and I have had the pleasure of working with him for the last five years. I would like to thank him for his unwavering support and guidance during that time. Our relationship with Reliance has enabled the Company to become what it is today and we look forward to maintaining that relationship going forward, as they continue to be a supportive shareholder."


Shibasish Sarkar, outgoing Non-Executive Director, said:

"Codemasters has achieved a great deal in our time together and, with its focus on the highest quality games, is ideally placed to take full advantage of the global drivers supporting the gaming industry. Now is the appropriate time to step down from the Board and on behalf of Reliance, I would like to wish Codemasters continued success for the future."







Codemasters Group Holdings Plc

Frank Sagnier, CEO

Rashid Varachia, CFO


Via Alma PR



Liberum (Nominated Adviser and Joint Corporate Broker)

Neil Patel

Cameron Duncan

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William Brown


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+44 (0) 20 7029 8000


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Josh Royston

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Helena Bogle

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Codemasters (AIM:CDM) is an award winning British video game developer and publisher with over 30 years of heritage. The company specialises in high quality racing games including DiRT, GRID, ONRUSH and the BAFTA award-winning official F1® series of videogames.

Codemasters' LEI number is: 213800NOITSDQVNP5W91


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