Business
Establishment of Employee Benefit Trust
Establishment of Employee Benefit Trust.
About this update from Devolver Digital, Inc.
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n DEVOLVER DIGITAL, INC.\n \n \n \n \n (the \"Company\" or \"Devolver Digital\")\n \n \n \n \n \n \n \n \n \n Establishment of Employee Benefit Trust\n \n \n \n \n \n \n Devolver Digital (AIM: DEVO), an award-winning digital publisher and developer of indie video games,\n announces that it has established an Employee Benefit Trust,\n known as the\n Devolver Digital Employee Benefit Trust (the \"EBT\"). The EBT will be for the benefit of current and future employees.\n \n \n The EBT, which will act independently of the Company, is expected to conduct off-market purchases of the Company's common shares of $0.0001 each in order to, among other things, satisfy potential future option exercises of vested options granted pursuant to the Company's 2017 Equity Incentive Plan and to satisfy the settlement of any other awards granted pursuant to the Company's current and future incentive award schemes.\n \n \n The EBT will be funded by way of a loan from the Company. The maximum amount of the loan to be made available to the EBT at any time shall be capped at £10,000,000.\n \n \n \n \n \n \n Enquiries\n \n \n \n \n \n \n \n \n \n \n \n Devolver Digital, Inc.\n \n \n \n Harry Miller, Executive Chairman\n \n \n Douglas Morin, Chief Executive Officer\n \n \n Daniel Widdicombe, Chief Financial Officer\n \n \n \n \n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n Zeus (Nominated Adviser and Broker)\n \n \n \n Richard Darlington, Daniel Harris (Investment Banking)\n \n \n Benjamin Robertson (Equity Capital Markets)\n \n \n \n \n +44 (0)20 3829 5000\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FTI Consulting (Communications Adviser)\n \n \n \n Jamie Ricketts / Dwight Burden / Valerija Cymbal / Usama Ali\n \n \n \n \n \n \n [email protected]\n \n \n \n \n +44 (\n 0)20 3727 1000\n \n \n \n \n \n \n \n \n \n \n About Devolver Digital\n \n \n \n \n \n \n Devolver Digital is an award-winning video games publisher in the indie games space with a balanced portfolio of third-party and own-IP. Devolver has an emphasis on premium games and has published more than 90 titles, with more than 30 titles in the pipeline scheduled for release over the next two years and beyond. Devolver has in-house...