Codemasters Group Holdings PLC Director/PDMR Dealing (1534G)

TIDMCDM

RNS Number : 1534G

Codemasters Group Holdings PLC

23 November 2020

23 November 2020

Codemasters Group Holdings Plc

("Codemasters" or the "Company")

Director/PDMR Dealing

Codemasters (AIM:CDM), the award-winning British video game developer and publisher specialising in high-quality racing games, announces the following dealing by a director.

On 23 November 2020 Lisa Thomas, a Non-Executive Director, was granted an option (the "Option") to subscribe for 210,000 ordinary shares of 1 pence each in the Company at an exercise price of 235 pence per ordinary share in accordance with the terms of her appointment as a Non-Executive Director earlier this year. The other terms of the Option reflect the material provisions of the Rules of the Company's NED Plan, including as to vesting and exercise. The Option will vest as to one-third of the ordinary shares comprised in it on 7 April 2021 and the balance from 7 April 2021 at the end of each complete month on a pro rata basis up to 7 April 2023. The Option is exercisable between 7 April 2021 and 6 April 2030 subject to vesting and her continuing to hold the position of Director at the date of exercise. The Option will vest in full and become exercisable upon the Court sanction of the scheme of arrangement to effect the recommended cash and share offer by Take-Two Interactive Software, Inc for the Company that was announced on 10 November 2020.

If all of the Options were exercised in full, this would represent approximately 0.13 per cent. of the Company's issued share capital.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                            Lisa Thomas 
     ------------------------------  ----------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                 Non-Executive Director 
     ------------------------------  ----------------------------------- 
 b)   Initial notification            Initial Notification 
       /Amendment 
     ------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                            Codemasters Group Holdings plc 
     ------------------------------  ----------------------------------- 
 b)   LEI                             213800NOITSDQVNP5W91 
     ------------------------------  ----------------------------------- 
 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               Ordinary shares of 1p each 
       financial instrument, 
       type of instrument 
 
       Identification code              ISIN: GB00BFWZ2G72 
     ------------------------------  ----------------------------------- 
 b)   Nature of the transaction       Grant of option 
     ------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                          GBP2.35     210,000 
                                                    ---------- 
     ------------------------------  ----------------------------------- 
 d)   Aggregated information 
                                        n/a (single transaction) 
 
       - Aggregated volume 
       - Price 
     ------------------------------  ----------------------------------- 
 e)   Date of the transaction         23 November 2020 
     ------------------------------  ----------------------------------- 
 f)   Place of the transaction        Outside a trading venue 
     ------------------------------  ----------------------------------- 
 
 
Enquiries 
 
Codemasters Group Holdings Plc                 Via Alma PR 
 Frank Sagnier, CEO 
 Rashid Varachia, CFO 
Liberum (Nominated Adviser and Joint 
 Corporate Broker) 
 Neil Patel 
 Cameron Duncan 
 Ed Phillips 
 William Hall                                  [phone] 
Jefferies International Ltd (Joint Corporate 
 Broker) 
 Ed Matthews 
 William Brown                                 [phone] 
Alma PR Limited                                [phone] 
 Josh Royston                                   [e-mail] 
 Rebecca Sanders-Hewett 
 Helena Bogle 
 Sam Modlin 
 

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(R) series of videogames. In November 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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November 23, 2020 04:00 ET (09:00 GMT)