We are pleased to announce that Liberum acted as Joint Bookrunner on a Secondary Placing in Codemasters Group Holdings plc. Reliance Big Entertainment (Singapore) Pte. Ltd sold 20,000,000 ordinary shares, representing 14.3% of Codemasters’ entire issued share capital, at a price of 220 pence per share. The Placing represents half of Reliance’s stake in Codemasters. Jefferies acted as Joint Bookrunner alongside Liberum.
Codemasters IPOed in June 2018, in a significantly over subscribed transaction. This Placing has been priced at a 10% premium to the IPO price and has traded up in the aftermarket. The placing was supported by existing and new shareholders, including US based funds.
Codemasters is an award-winning British video game developer and publisher specialising in high quality racing games, including DiRT, GRID and F1.
Board – David Parsons
Investment Banking – Neil Patel, Cameron Duncan, Will Hall, Ed Phillips, Ant Schia
Sales – Julian Collett, Lisa Tugwell, Seb Fernandez, Olly Baxendale
Research – Andy Bryant
General Counsel – Rebecca Gordon