Tinybuild Inc. (DI) (TBLD)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

5.59p
   
  • Change Today:
    -0.29p
  • 52 Week High: 54.00
  • 52 Week Low: 2.20
  • Currency: UK Pounds
  • Shares Issued: 203.88m
  • Volume: 0
  • Market Cap: £11.39m

TinyBuild takes over Ukraine-Russian games studio Demagic

By Josh White

Date: Monday 11 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Video games developer and publisher tinyBuild announced the 'acquihire' of Demagic Games - a development studio with 23 staff currently based in Ukraine and Russia - on Monday.
The AIM-traded firm had been working with Demagic for more than a year on a number of projects including Hello Neighbor 2, some unannounced titles, and more recently Deadside.

By bringing Demagic in-house, the company said it expected to reduce dependencies on external studios, and increase visibility on the production process in line with its core strategy.

The small acquihire would have no material impact on the company's earnings, tinyBuild said.

As part of the initial consideration on signing, the company said it would issue 621,006 new shares at a price of 194.13p each.

The new shares would be subject to a 12-month lock-up period.

"We are delighted to announce our first acquihire this year, and to extend to all Demagic staff our support to alleviate the challenges of the ongoing conflict in Ukraine," said chief executive officer Alex Nichiporchik.

"Demagic has already made a strong contribution to the development of Hello Neighbor 2 and it brings a highly skilled porting team."

Nichiporchik said the company's goal was to "expand and diversify" its position as a global developer and publisher, focusing on intellectual property ownership while creating long-term scalable franchises across multiple media formats.

"In addition, we are looking at a number of other potential acquihires and larger scale acquisitions to enhance the company's strategic and operational position."

At 1223 BST, shares in tinyBuild were up 1.65% at 190.6p.

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TBLD Market Data

Currency UK Pounds
Share Price 5.59p
Change Today -0.29p
% Change -4.91 %
52 Week High 54.00
52 Week Low 2.20
Volume 0
Shares Issued 203.88m
Market Cap £11.39m

TBLD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
59.09% above the sector average59.09% above the sector average59.09% above the sector average59.09% above the sector average59.09% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
87.23% below the sector average87.23% below the sector average87.23% below the sector average87.23% below the sector average87.23% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average

TBLD Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

TBLD Key Personnel

CEO Alex Nichiporchik
CFO Antonio Assenza

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