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ADMISSION DOCUMENT Admission Doc cover 3.2.indd 1 23/04/2018 13:22 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this Document, or the action you should take, you should seek your own personal financial advice immediately from your stockbroker, bank manager, solicitor, accountant, fund manager or other independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended from time to time) (‘‘FSMA’’) if you are in the United Kingdom or, if not, from another appropriately authorised independent adviser who specialises in advising on the acquisition of shares and other securities. The Company and each of the Directors, details of which and whom appear on page 7 of this Document, accept responsibility for the information contained in this Document, including individual and collective responsibility for compliance with the AIM Rules. To the best of the knowledge and belief of the Company and the Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this Document is in accordance with the facts and does not omit anything likely to affect the import of such information. This Document, which comprises an AIM admission document drawn up in accordance with the AIM Rules for Companies, has been prepared in connection with the proposed admission of the Enlarged Share Capital to trading on AIM, a market operated by the London Stock Exchange plc. The Company is not making an offer of transferable securities to the public within the meaning of section 102B of FSMA. This Document does not constitute a prospectus within the meaning of section 85 of FSMA, has not been drawn up in accordance with the Prospectus Rules published by the Financial Conduct Authority (‘‘FCA’’) and a copy has not, and will not be, approved or filed with the FCA. The Shares will not be admitted to the Official List or to any recognised investment exchange apart from AIM and no such other applications have been or are intended to be made. AIM is a market designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies. AIM securities are not admitted to the Official List of the United Kingdom Listing Authority. A prospective investor should be aware of the risks of investing in such companies and should make the decision to invest only after careful consideration and, if appropriate, consultation with an independent financial adviser. Each AIM company is required, pursuant to the AIM Rules for Companies, to have a nominated adviser. The nominated adviser is required to make a declaration to the London Stock Exchange on admission in the form set out in Schedule Two to the AIM Rules for Nominated Advisers. The London Stock Exchange has not itself examined or approved the contents of this Document. The AIM Rules are less demanding than those of the Official List. Application has been made for the Enlarged Share Capital to be admitted to trading on AIM. The Directors expect that Admission will become effective and that dealings in the Shares will commence on AIM at 8.00 a.m. on 1 June 2018. Your attention is drawn to the section entitled ‘‘Risk Factors’’ set out in Part II of this Document. All statements regarding the Company and the Group should be viewed in light of these risk factors. Prospective investors in the Company should read the whole text of this Document. CODEMASTERS GROUP HOLDINGS PLC (Incorporated in England and Wales under the Companies Act 1985 with registration number 06123106) PLACING OF 7,500,000 NEW SHARES AND 85,000,000 SALE SHARES BOTH AT A PRICE OF 200 PENCE PER SHARE AND ADMISSION OF THE ENLARGED SHARE CAPITAL TO TRADING ON AIM Nominated Adviser and Broker Liberum Capital Limited No liability whatsoever is accepted by Liberum for the accuracy of any information or opinions contained in this Document, or for the omission of any material information, for which the Company and the Directors are solely responsible. Liberum, which is authorised and regulated in the United Kingdom by the FCA and is a member of the London Stock Exchange, is the Company’s Nominated Adviser and Broker in connection with the Admission for the purposes of the AIM Rules and is acting exclusively for the Company and no one else in connection with the matters described herein and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Liberum or for advising any other person in respect of the contents of this Document or on any transaction or arrangement referred to in this Document. The responsibilities of Liberum as nominated adviser under the AIM Rules are owed solely to the London Stock Exchange and are not owed to the Company or any Director or to any other person. Prospective investors should rely only on the information in this Document. No person has been authorised to give any information or make any representations other than those contained in this Document and, if given or made, such information or representations must not be relied upon as having been so authorised. No representation or warranty, express or implied, is made by Liberum as to any of the contents of this Document and no liability is accepted by Liberum for the accuracy of any information or opinions contained in this Document. A copy of this Document is available (subject to certain restrictions relating to persons resident in Restricted Jurisdictions) on the Company’s website – www.codemasters.com. Neither the content of the Company’s website nor any website accessible by hyperlink to the Company’s website is incorporated in, or forms part of, this Document. IMPORTANT INFORMATION This Document has been prepared in connection with the matters described herein, pursuant to and for the purpose of complying with English law and the AIM Rules and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England and Wales. Nothing in this Document should be relied on for any other purpose. Neither the delivery of this Document or any subsequent subscriptions or purchases made hereunder and at any time subsequent to the date of this Document shall, under any circumstances, create any implication that the information contained in this Document is correct as of any time subsequent to the date of this Document. An investment in the Company may not be suitable for all recipients of this Document. Any such investment is speculative and involves a high degree of risk. Prospective investors should read the whole of this Document and should carefully consider whether an investment in the Company is suitable for them in light of their circumstances and the financial resources available to them. Attention is drawn, in particular, to the risk factors set out in Part II of this Document. All statements regarding the Company’s business, financial position and prospects should be viewed in the light of the risk factors set out in Part II of this Document. All times referred to in this Document are, unless otherwise stated, references to London time. The contents of this Document are not to be construed as legal, financial, business, investment or tax advice. Each prospective investor should consult his, her or its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice. Prospective investors must inform themselves as to: (a) the legal requirements within their own countries for the purchase, holding, transfer or other disposal of Placing Shares; (b) any foreign exchange restrictions applicable to the purchase, holding, transfer or other disposal of Placing Shares which they might encounter; and (c) the income and other tax consequences which may apply in their own countries as a result of the purchase, holding, transfer or other disposal of Placing Shares. Prospective investors must rely on their own representatives, including their own legal advisers and accountants, as to legal, tax, investment, or any other related matters concerning the Company and an investment therein. Investors who subscribe for or purchase Placing Shares will be deemed to have acknowledged that: (i) they have not relied on Liberum or any person affiliated with Liberum in connection with any investigation of the accuracy of any information contained in this Document for their investment decision; and (ii) they have relied only on the information contained in this Document, and no person has been authorised to give any information or to make any representation concerning the Company or the Shares (other than as contained in this Document) and, if given or made, any such other information or representation should not be relied upon as having been authorised by or on behalf of the Company, the Directors or Liberum. FORWARD-LOOKING STATEMENTS Certain statements in this Document are or may constitute ‘‘forward-looking statements’’. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the terms ‘‘believes’’, ‘‘estimates’’, ‘‘plans’’, ‘‘prepares’’, ‘‘anticipates’’, ‘‘expects’’, ‘‘intends’’, ‘‘may’’, ‘‘will’’ or ‘‘should’’ or their negatives or other variations or comparable terminology. Such forward-looking statements are not based on historical facts but rather reflect the Directors’ current beliefs and assumptions and are based on information currently available to management. Such information