Sumo Group PLC Issue of Equity and Total Voting Rights (4979B)

TIDMSUMO

RNS Number : 4979B

Sumo Group PLC

31 January 2020

31 January 2020

SUMO GROUP PLC

(the "Company")

Issue of Equity and Total Voting Rights

Issue of Deferred Consideration Shares

Sumo Group plc (AIM: SUMO) announces the issue of 1,162,791 Ordinary Shares as deferred consideration for the acquisition of Red Kite Games Limited. These shares are being issued on the first anniversary of the completion of the acquisition in accordance with the terms of the acquisition and as previously announced represent GBP1.5m of deferred consideration based on the share price of 129p at the date of acquisition.

The 1,162,791 Ordinary Shares issued will rank pari pasu with the Company's existing Ordinary Shares and admission to trading on AIM is expected to take place on or around 3 February 2020 ("Admission").

Total Voting Rights

The Company confirms that following Admission, the Company will have 151,768,943 ordinary shares of GBP0.01 each ("Ordinary Shares") in issue, with one voting right each.

The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 151,768,943.

Accordingly, this figure may be used by shareholders as a denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 
 Enquiries: 
 
 Sumo Group plc                                                                     Tel: [phone] 
 Carl Cavers, Chief Executive Officer 
 David Wilton, Chief Financial Officer 
 
 Zeus Capital Limited (Nominated Adviser & Broker) 
 Nick Cowles / Andrew Jones                                                         Tel: [phone] 
 Ben Robertson / John Goold                                                         Tel: [phone] 
 
 Belvedere Communications Limited 
 Cat Valentine ([e-mail])                                         Tel: [phone] 
 Keeley Clarke ([e-mail])                                            Tel: [phone] 
 Llewellyn Angus ([e-mail])                                           Tel: [phone] 
 

About Sumo Group - www.sumogroupplc.com

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 two studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton and Red Kite Games in Leeds. 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.

Together, the Group delivers full-spectrum visual and development solutions, which include initial visual concepts, conceiving new products and game development involving all aspects of pre-production, production & development, as well as supporting games as a service.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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January 31, 2020 02:00 ET (07:00 GMT)