Rule 19.6(c) confirmation

Source: RNS
RNS Number : 9249B
Electronic Arts Inc.
16 February 2022
 

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.

FOR IMMEDIATE RELEASE

16 February 2022

ELECTRONIC ARTS INC.

Rule 19.6(c) confirmation with respect to stated post-offer intention statements with regard to Codemasters Group Holdings plc

On 18 February 2021, Electronic Arts Inc. ("EA") completed its recommended cash acquisition of the entire issued and to be issued share capital of Codemasters Group Holdings plc ("Codemasters"), which was effected by way of  a scheme of arrangement under Part 26 of the Companies Act 2006 (the "Acquisition").

EA announces that it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that it has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in its announcement of 14 December 2020 and in the scheme document published in connection with the Acquisition on 7 January 2021 and as subsequently updated in the announcement made on 13 July 2021.

Enquiries:

Electronic Arts Inc.

Chris Evenden (Investor Relations)

John Reseburg (Global Communications)

 

+1 650 628 0255

+1 650 628 3601

 

UBS Investment Bank (sole financial adviser to EA)

 

+44 (0)20 7567 8000

Jonathan Rowley

David Descoteaux

Sandip Dhillon


 

UBS AG London Branch ("UBS") is authorised and regulated by the Financial Market Supervisory Authority in Switzerland. It is authorised by the PRA and subject to regulation by the FCA and limited regulation by the PRA in the United Kingdom. UBS AG London Branch is acting as financial adviser to EA and no one else in connection with the Acquisition. In connection with such matters, UBS AG London Branch, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any other person for providing the protections afforded to their clients or for providing advice in relation to the Acquisition, the contents of this announcement or any other matter referred to herein.

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