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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sumo Group Plc | LSE:SUMO | London | Ordinary Share | GB00BD3HV384 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 512.00 | 512.00 | 513.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMSUMO
Sumo Group PLC
02 January 2018
RNS Reach
2 January 2018
Sumo Group plc
("Sumo Group" or the "Group")
New Studio in Newcastle
Sumo Group is pleased to announce that Sumo Digital Limited ("Sumo Digital") has taken on the Newcastle studio of CCP Games (the "Studio"), through an asset purchase agreement for a nominal cash consideration. This was the opportunity to open a new studio to which the Group referred in its Admission Document dated 15 December 2017.
The 34 staff at the Studio, including all games developers, became employees of Sumo Digital on 1 January 2018. Sumo Digital will take an assignment of the lease for the property in which the Studio is located.
Carl Cavers, CEO of Sumo Group, said: "We are delighted that such a talented group of individuals has joined Sumo Digital, further enhancing the Group's skills and depth of expertise. Our experience of opening the Nottingham Studio in 2016 shows us that expansion into a new location opens the door to a whole new pool of talent, a crucial element in our growth plans.
"Sumo Group only recently began working with CCP Games. Both organisations were keen to keep the Newcastle team together and we were very pleased to complete the transfer at the start of our new financial year and first full year as a plc.
"On behalf of everyone at Sumo Group, I extend a warm welcome to the new team at Sumo Digital Newcastle."
Enquiries: Sumo Group plc Tel: +44 (0) 114 242 6766 Carl Cavers, Chief Executive Officer David Wilton, Chief Financial Officer Zeus Capital Limited (Nominated Adviser & Broker) Nick Cowles / Richard Darlington Tel: +44 (0) 161 831 1512 Ben Robertson / John Goold Tel: +44 (0) 203 829 5000 Belvedere Communications Limited Tel: +44 (0) 7715 769 078 Cat Valentine (cvalentine@belvederepr.com) Kim van Beeck (kvbeeck@belvederepr.com)
About Sumo Group - www.sumogroupplc.com
Sumo Group's award-winning businesses provide creative and development services to the video games and entertainment industries, from studios in Sheffield, Newcastle, Nottingham, Pune (India) and Vancouver (Canada).
The Group's operating businesses include Sumo Digital and Atomhawk. Sumo Digital, its primary business, is one of the UK's largest independent developers of AAA-rated video games, providing both turnkey and co-development solutions to an international blue-chip client base. Atomhawk, a complementary business acquired in June 2017, is a multi-award winning visual design company, servicing the games, film and visual effects industries. Together, the Group delivers full-service visual and development solutions, which include initial concepts and pre-production, production and development, and post-release support.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 02, 2018 02:00 ET (07:00 GMT)
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