Remedy Entertainment Plc | Stock Exchange Release November 28, 2022, at 4.00 p.m. (EET)
Remedy Entertainment Plc: Tencent Holdings Limited’s shareholding in Remedy has gone above the 5 percent threshold
Remedy Entertainment Plc has on November 25, 2022, received a notification under Chapter 9, Section 5 of the Finnish Securities Markets Act according to which Tencent Holdings Limited’s indirect shareholding of Remedy shares and voting rights has gone above the 5 percent threshold on November 25, 2022.
According to the notification, Tencent Holdings Limited’s indirect shareholding in Remedy has increased to 673,274 shares, corresponding to 5.01 percent of Remedy’s shares and voting rights. Remedy’s registered total number of shares and voting rights amounting to 13,448,600 has been used in the calculation of percentages for the notification.
Total positions of Tencent Holdings Limited through the shareholder:
|% of shares and voting rights (total of A)||% of shares and voting rights through financial instruments (total of B)||Total of both in % (A + B)||Total number of shares and voting rights of issuer|
|Resulting situation on the date on which threshold was crossed or reached||5.01%||5.01%||13,448,600|
|Position of previous notification (if applicable)||N/A|
Details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
|Class/type of shares
ISIN code (if possible)
|Number of shares and voting rights||% of shares and voting rights|
(SMA 9:6 and 9:7)
(SMA 9:6 and 9:7)
B: Financial Instruments according to SMA 9:6a
|Type of financial instrument||Expiration
|Physical or cash settlement||Number of shares and voting rights||% of shares and voting rights|
Full chain of controlled undertakings through which the shares, voting rights and/or financial instruments are effectively held starting with the ultimate controlling legal entity:
|Name||% of shares and voting rights||% of shares and voting rights through financial instruments||Total of both|
|Tencent Holdings Limited||0.00%||0.00%||0.00%|
|Image Frame Investment (HK) Ltd||5.01%||0.00%||5.01%|
Tero Virtala, CEO
Phone: +358 9 435 5040
Veli-Pekka Puolakanaho, Corporate Development Director
Phone: +358 50 430 0936
Remedy in brief
Remedy Entertainment Plc is a pioneering, globally renowned video game company founded in 1995 and headquartered in Finland with an office in Stockholm, Sweden. Known for its story-driven and visually stunning action games, Remedy has created multiple successful, critically acclaimed franchises such as Control, Alan Wake and Max Payne. Remedy also develops its own Northlight® game engine and tools technology that powers many of its games.
The company employs over 350 game industry professionals from 32 different countries. Remedy’s shares are listed on Nasdaq Helsinki’s official list.