Keywords Studios (KWS)

Sector:

Leisure Products

Index:

FTSE AIM 50

2,262.00p
   
  • Change Today:
    126.00p
  • 52 Week High: 2,282.00
  • 52 Week Low: 1,136.00
  • Currency: UK Pounds
  • Shares Issued: 79.83m
  • Volume: 1,564,845
  • Market Cap: £1,805.64m

Keywords Studios confirms £2.2bn approach from Swedish PE firm EQT

By Michele Maatouk

Date: Monday 20 May 2024

LONDON (ShareCast) - (Sharecast News) - Keywords Studios said on Monday that it was "minded to accept" a £2.2bn takeover proposal from Swedish private equity firm EQT Partners if it makes a firm offer.
Following press speculation over the weekend, Keywords confirmed it is in "advanced discussions" with a fund which is part of the EQT Group about a possible cash offer of 2,550p per share. This represents a 73% premium to the closing share price on Friday.

The latest approach follows four previous unsolicited proposals from EQT in recent months, which were rejected, and represents a "significant" increase from the initial proposal, Keywords said.

"The board remains confident in the company's growth strategy of building the only truly global platform providing solutions to the video games and entertainment industries, both organically and through acquisitions, and EQT is supportive of this strategy," it said.

"The board of Keywords Studios has carefully evaluated the possible offer with its financial advisers and concluded the possible offer is at a value that the board would be minded to recommend to Keywords Studios shareholders, should a firm intention to make an offer pursuant to Rule 2.7 of the Code be announced on such financial terms, subject to the agreement of all other terms and conditions of an offer."

Under takeover rules, EQT has until 1700 BST on 15 June to either announce a firm intention to make an offer or walk away.

Keywords provides services to the video game industry.

At 0815 BST, the shares were up 63% at 2,400p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

KWS Market Data

Currency UK Pounds
Share Price 2,262.00p
Change Today 126.00p
% Change 5.90 %
52 Week High 2,282.00
52 Week Low 1,136.00
Volume 1,564,845
Shares Issued 79.83m
Market Cap £1,805.64m

KWS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.37% below the market average87.37% below the market average87.37% below the market average87.37% below the market average87.37% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
67.48% above the market average67.48% above the market average67.48% above the market average67.48% above the market average67.48% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Income
96.47% below the market average96.47% below the market average96.47% below the market average96.47% below the market average96.47% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
14% below the market average14% below the market average14% below the market average14% below the market average14% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average

What The Brokers Say

Strong Buy 7
Buy 4
Neutral 2
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

KWS Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-24 05-Oct-23
Paid 28-Jun-24 27-Oct-23
Amount 1.76p 0.85p

Trades for 14-Jun-2024

Time Volume / Share Price
16:20 4,000 @ 2,244.00p
17:05 1,000 @ 2,262.00p
16:35 117 @ 2,262.00p
16:35 696 @ 2,262.00p
16:35 62,337 @ 2,262.00p

KWS Key Personnel

CEO Bertrand Bodson
CFO Robert Kingston

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