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Admission to AIM and First Day of Dealings

21st Dec 2017 07:00

RNS Number : 9859Z
Sumo Group PLC
21 December 2017
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR TRANSMITTED, DISTRIBUTED OR SENT TO, OR BY, ANY NATIONAL, RESIDENT OR CITIZEN OF ANY SUCH COUNTRY OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

 

This announcement is an advertisement and not an admission document or a prospectus and does not constitute or form part of an offer to sell or issue or a solicitation of an offer to subscribe for or buy any securities nor should it be relied upon in connection with any contract or commitment whatsoever. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of the information in the admission document (the "Admission Document") which was published by Sumo Group plc (the "Company") on 15 December 2017 in connection with the proposed admission of its ordinary shares ("Ordinary Shares") to trading on AIM, a market operated by London Stock Exchange plc ("AIM") ("Admission"). Copies of the Admission Document are available at the registered office of the Company and on its website, www.sumogroupplc.com, subject to applicable securities laws or regulations.

 

21 December 2017

 

Sumo Group plc

 

ADMISSION TO TRADING ON AIM AND FIRST DAY OF DEALINGS

 

Sumo Group plc, one of the UK's largest providers of creative and development services to the video games and entertainment industries, is pleased to announce that Admission will occur, and dealings in its Ordinary Shares will commence, at 8.00am today, 21 December 2017.

 

Dealings in the Ordinary Shares will commence under the ticker "SUMO" and the ISIN number is GB00BD3HV384.

 

Upon Admission, the Company will have a market capitalisation of £145 million, following a successful £78.15 million total fundraise. The fundraise raised c.£38.45 million for the Company and c.£39.70 million for the selling shareholders, both at 100p per Ordinary Share. The fundraise received strong demand from blue chip institutional investors.

 

Carl Cavers, Founder of Sumo Digital and CEO of the Company, said:

 

"Admission to AIM this morning marks a major milestone in our journey. We have always strived for excellence within the business and our aim is to deliver the same level of excellence to the Company's investors, creating value in this exciting, fast growing industry. As we enter this new stage in our growth and development, I would like to thank everyone who helped Sumo Group plc achieve a successful flotation today, especially our talented people, who are the backbone and ingenuity behind this business."

 

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)

Richard Darlington / Nick Cowles

Tel: +44 (0) 161 831 1512

Ben Robertson / John Goold

 

Tel: +44 (0) 203 829 5000

Belvedere Communications Limited

Tel: +44 (0) 203 567 0510

Cat Valentine ([email protected])

Mob: +44 (0) 7715 769 078

John West ([email protected])

Mob: +44 (0) 7788 971 403

Kim van Beeck ([email protected])

Mob: +44 (0) 7477 967 446

 

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). 

 

Our operating businesses include Sumo Digital Ltd. ("Sumo Digital") and Atomhawk Design Ltd ("Atomhawk"). Sumo Digital, our 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 we deliver 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
 
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