Business
Treasury Share Admission and Update
Treasury Share Admission and Update.
About this update from Devolver Digital, Inc.
[{"type":"text","content":"\n\n12 May 2023\nDevolver Digital, Inc.\n(\"Devolver Digital\", \"Devolver\" or the \"Company\", and the Company together with all of its subsidiary undertakings \"the Devolver Group\", or \"Group\")\nTreasury Share Admission and Update\nDevolver Digital, an award-winning digital publisher and developer of independent (\"indie\") video games, announces that it has applied for the admission to trading on AIM (\"Admission\") of 34,668,475 shares of common stock, $0.0001 par value each (\"Shares\"), which the Company holds in treasury (the \"Treasury Shares\"). The Company is applying for Admission of the Treasury Shares in order to facilitate the exercise of options and to reduce the administrative burden in satisfying LTIP and other awards. The Company may also use the Treasury Shares for other corporate purposes at its discretion.\nThe Admission of the Treasury Shares will not increase the total voting rights outstanding in the Company. It is expected that Admission will become effective on or around 16 May 2023.\nAs announced on 11 May 2022, the Company may transfer Treasury Shares to satisfy the exercise of options under the 2017 Equity Incentive Plan. The Company has also previously utilised Treasury Shares to satisfy 2022 LTIP Awards. A complete table of Treasury Share transfers is set out below:\n\n\n\nDate\n\n\nNumber of Treasury Shares Prior to Transfer\n\n\nNumber of Treasury Shares Transferred by the Company to Satisfy the Exercise of Options or LTIP Awards\n\n\nNumber of Treasury Shares held by the Company Following the Transfer\n\n\nNumber of Shares in Issue and Outstanding Following the Transfer\n\n\n\n\n19/05/2022\n\n\n37,244,200\n\n\n679,271\n\n\n36,564,929\n\n\n442,935,987\n\n\n\n\n09/06/2022\n\n\n36,564,929\n\n\n430,362\n\n\n36,134,567\n\n\n443,366,349\n\n\n\n\n01/09/2022\n\n\n36,134,567\n\n\n175,000\n\n\n35,959,567\n\n\n443,541,349\n\n\n\n\n08/09/2022\n\n\n35,959,567\n\n\n110,833\n\n\n35,848,734\n\n\n443,652,182\n\n\n\n\n13/10/2022\n\n\n35,848,734\n\n\n144,900\n\n\n35,703,834\n\n\n443,797,082\n\n\n\n\n20/10/2022\n\n\n35,703,834\n\n\n9,513\n\n\n35,694,321\n\n\n443,806,595\n\n\n\n\n03/11/2022\n\n\n35,694,321\n\n\n81,667\n\n\n35,612,654\n\n\n443,888,262\n\n\n\n\n08/12/2022\n\n\n35,612,654\n\n\n18,990\n\n\n35,593,664\n\n\n443,907,252\n\n\n\n\n15/12/2022\n\n\n35,593,664\n\n\n200,000\n\n\n35,393,664\n\n\n444,107,252\n...