Overview
- Devolver announced Thursday that it will seek shareholder approval at an AGM on September 8 to cancel its AIM listing and, if approved, plans for trading to cease on September 16.
- The board says the company's current share price does not reflect its value after a multi‑year collapse from the 2021 IPO and that public reporting pressures clash with indie games' unpredictable revenue timing.
- As part of the proposal Devolver has outlined expected annual savings of roughly $1.6 million from delisting and a proposed tender offer that would return up to $5 million in cash to qualifying shareholders.
- The announcement triggered a sharp market reaction, with the company's share price plunging about 59–60% intraday on Thursday as investors responded to the go‑private plan.
- Devolver points to improved operations and revenue growth in 2025 and a June 2026 trading update showing over 60% year‑on‑year revenue growth as part of its case that private ownership will let management focus on long‑term value.