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Codemasters Grp Hldg - Fast & Furious Crossroads

RNS Number : 0622G
Codemasters Group Holdings PLC
13 March 2020
 

13 March 2020

Codemasters Group Holdings Plc

("Codemasters" or the "Company")

Fast & Furious Crossroads launch

Further to the Company's announcement on 13 December 2019 that Fast & Furious Crossroads (the "F&F Game"), its licensed IP game scheduled for release in May 2020, would be launched alongside the release of the next film in the Fast and Furious franchise ("F9 Film"), the Board notes the recent announcement from Universal Pictures that, due to the outbreak of the Coronavirus, the global release of the F9 Film will be delayed to April 2021, 11 months later than originally planned.

  

BANDAI NAMCO Entertainment Europe is working closely with our partners at Universal Games and Digital Platforms regarding the F9 Film's newly announced theatrical release date of April 2021. While not directly tied to the film, news and updates pertaining to the Fast & Furious Crossroads Game will be shared once they become available. The development team at Slightly Mad Studios and Codemasters will continue to finalise the Game as planned.

 

Timing for the launch of the Game is now uncertain but, provided the Company releases the F&F Game in Q1 of FY21, the Board anticipates that the later release date of the F9 Film will not have a material impact on its financial expectations for FY21.

 

A further announcement will be made in due course to confirm the release date of the F&F Game, following discussions with BANDAI NAMCO Entertainment Europe and Universal Games and Digital Platforms.

 

 

This announcement is released by Codemasters Group Holdings plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Articles 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Rashid Varachia, Chief Financial Officer.

 

Enquiries

 

 

 

Codemasters Group Holdings Plc

Frank Sagnier, CEO

Rashid Varachia, CFO

 

Via Alma PR

 

 

Liberum (Nominated Adviser and Joint Corporate Broker)

Neil Patel

Cameron Duncan

Ed Phillips

William Hall

 

Jefferies International Ltd (Joint Corporate Broker)

Ed Matthews

William Brown

 

+44 (0) 20 3100 2000

 

 

 

 

 

+44 (0) 20 7029 8000

 

Alma PR Limited

Josh Royston

Rebecca Sanders-Hewett

Helena Bogle

Sam Modlin

+44 (0) 20 3405 0205

[email protected] 

 

 

 

 

 

ABOUT CODEMASTERS:

Codemasters (AIM:CDM) is an award winning British video game developer and publisher with over 30 years of heritage. The Company specialises in high quality racing games including DiRT, GRID and the BAFTA award-winning official F1® series of video games. In December 2019, Codemasters acquired Slightly Mad Studios, creators and developers of award-winning IP including the Project CARS franchise and Fast & Furious Crossroads.

Codemasters' LEI number is: 213800NOITSDQVNP5W91

 


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Quick facts: Codemasters Group Plc

Price: 415

Market: AIM
Market Cap: £632.51 m
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