Liberum acts as Joint Bookrunner on £44 million Secondary Placing in Codemasters

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.

Liberum Team

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

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