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Animoca Brands appoints new company secretary

Qualified corporate lawyer Julian Rockett will serve in the role after the resignation of Alyn Tai.

Boardroom chairs
The company recently entered into a partnership with Atari

Animoca Brands Corporation Ltd (ASX:AB1) has a new company secretary with Julian Rockett replacing Alyn Tai after she resigned from the position.

Rockett is a qualified corporate lawyer and listed company secretary whose background in law has included corporate compliance, advising on IPOs, M&As RTOs and capital raising for ASX-listed entities.

His diverse ASX-listed company secretarial experience includes supporting fin-tech, artificial intelligence, medical technology, logistics, equity, mining, energy, technology and commercial property companies.

In a statement, Animoca said: “The board welcomes Mr Rockett and takes this opportunity to thank Ms Tai for her contribution to the company.”

Animoca Brands leverages gamification, blockchain, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products.

These include games such as The Sandbox, Crazy Kings and Crazy Defense Heroes as well as products based on popular intellectual properties such as Garfield, Thomas & Friends™, Ever After High and Doraemon.

The company is the exclusive China distributor of CryptoKitties.

READ: Animoca Brands partners with video game pioneer Atari

Animoca recently entered into a licence agreement with a wholly-owned subsidiary of Atari SA (XPAR:ATA) (NASDAQ:PONGF).

The agreement grants Animoca the rights to produce and publish blockchain versions of the popular Atari® mobile game titles RollerCoaster Tycoon® Touch™ and Goon Squad™ globally, excluding Greater China.

Atari will be a strategic shareholder

Atari will take an upfront consideration of US$250,000 for the licensing deal in scrip at 11 cents per share, becoming a strategic shareholder in Animoca Brands. This fee is recoupable against revenue generated by the games.

A revenue share will be payable to Atari after gross revenues generated by the games exceed a total of US$500,000.

RollerCoaster Tycoon Touch is a theme park management simulation game for mobile devices with over 19 million downloads globally.

Goon Squad is a card-based, multiplayer brawler video game in which players navigate an underworld ruled by mobsters and fast-paced card battles in order to build the ultimate criminal empire.

Animoca expects to begin publishing the blockchain version of these games in the latter half of 2019.

READ: Animoca Brands outlines China opportunity through iClick partnership

The Atari deal came hot on the heels of Animoca entering into a collaboration framework agreement with iClick Interactive Asia Limited (NASDAQ:ICLK).

The deal will increase the company’s market share in China, the world's largest mobile games market, and is expected to generate new initial revenue of $11 million for Animoca in 2019.

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