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Codemasters Grp Hldg (CDM)

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Friday 22 May, 2020

Codemasters Grp Hldg

Fast & Furious Crossroads Launch Update

RNS Number : 6829N
Codemasters Group Holdings PLC
22 May 2020
 

22 May 2020

Codemasters Group Holdings Plc

("Codemasters" or the "Company")

Fast & Furious Crossroads Launch Update

Further to the Company's announcements on 13 December 2019 and 13 March 2020, the Board of Codemasters is pleased to provide an update regarding the launch of Fast & Furious Crossroads (the "F&F Game"), the licensed IP game that is being developed by recently acquired studio, Slightly Mad Studios, originally scheduled for release in May 2020.

  

Following close consultation with our partners at BANDAI NAMCO Entertainment Europe and Universal Games and Digital Platforms, the Company can confirm that an agreement has been reached to launch the F&F Game in the second quarter of the Company's current financial year, being the three months to 30 September 2020.

 

Accordingly, the Board of Codemasters confirms that this later launch date is not expected to have a material impact on its financial expectations for FY21.

 

 

This announcement is released by Codemasters Group Holdings plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Articles 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Rashid Varachia, Chief Financial Officer.

 

Enquiries

 

 

 

Codemasters Group Holdings Plc

Frank Sagnier, CEO

Rashid Varachia, CFO

 

Via Alma PR

 

 

Liberum (Nominated Adviser and Joint Corporate Broker)

Neil Patel

Cameron Duncan

Ed Phillips

William Hall

 

Jefferies International Ltd (Joint Corporate Broker)

Ed Matthews

William Brown

 

+44 (0) 20 3100 2000

 

 

 

 

 

+44 (0) 20 7029 8000

 

Alma PR Limited

Josh Royston

Rebecca Sanders-Hewett

Helena Bogle

Sam Modlin

+44 (0) 20 3405 0205

[email protected] 

 

 

 

 

 

ABOUT CODEMASTERS:

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 and the BAFTA award-winning official F1® series of video games. In December 2019, Codemasters acquired Slightly Mad Studios, creators and developers of award-winning IP including the Project CARS franchise and Fast & Furious Crossroads.

Codemasters' LEI number is: 213800NOITSDQVNP5W91

 


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