Pressmeddelanden, rapporter och bolagsmeddelande för Remedy Entertainment Oyj

Remedy Entertainment Plc announced its schedule for financial reports in 2025. The Annual Report for 2024 will be available on the company's investor website during week 11 of 2025. The Annual General Meeting is planned for April 10, 2025, with the Board of Directors to issue a separate summons later. Remedy Entertainment, founded in 1995 and based in Finland with an office in Stockholm, is known for its story-driven action games and franchises like Control, Alan Wake, and Max Payne. The company also develops the Northlight game engine. For more information, contact Liisa Eloranta, Investor Relations Manager.

Remedy Entertainment Plc reported a 129% increase in revenue for the third quarter of 2024, reaching EUR 17.9 million, largely due to development fees from Control 2 and remakes of Max Payne 1&2. Operating profit improved by EUR 7.9 million to EUR 2.4 million. The company is progressing with its game development projects, including Control 2, Alan Wake 2, and the newly announced FBC: Firebreak, which will be self-published in 2025. Remedy has entered a strategic partnership with Annapurna, which will finance 50% of Control 2's development and help expand its franchises into film and television. Remedy also secured a EUR 15 million convertible loan from Tencent. The company plans to self-publish its games, aiming for long-term value despite short-term reductions in development fees. Remedy's Board of Directors approved a new option plan and a convertible loan agreement with Tencent. A webcast and conference call on the financial results will be held on November 1, 2024.

The Board of Directors of Remedy Entertainment Plc has decided to issue special rights to Image Frame Investment (HK) Limited, an affiliate of Tencent Holdings Ltd, following authorization from an Extraordinary General Meeting on October 24, 2024. This decision is linked to a EUR 15 million convertible loan agreement signed with Tencent on September 27, 2024, aimed at supporting Remedy's working capital and liquidity. The special rights allow for the subscription of up to 811,100 new shares, representing 5.64% of the company's shares post-subscription. These rights are granted without payment, and the subscription period spans from the third to the fifth anniversary of the loan payment. The agreed subscription price per share is EUR 27.20, payable by setting off the loan and accrued interest. The full subscription price will be credited to the company's reserve for invested unrestricted equity. If the loan and interest cannot be fully converted into shares due to fractional shares, the number of shares will be rounded up. The terms of the special rights are available on Remedy's website. Remedy Entertainment Plc is a well-known video game company based in Finland, with shares listed on Nasdaq Helsinki.

An Extraordinary General Meeting of Remedy Entertainment Plc took place on October 24, 2024, at the company's office in Espoo, Finland, with an option for shareholders to vote in advance. The meeting approved the Board of Directors' proposal for the terms of a convertible loan and authorized the Board to issue special rights entitling shares. The meeting minutes will be available by November 7, 2024, on the company's website. For more information, contact Henrik Hautamäki, Head of Legal, or Liisa Eloranta, Investor Relations Manager. Remedy Entertainment is a Finnish video game company known for franchises like Control, Alan Wake, and Max Payne, and it develops its own Northlight game engine.

Remedy Entertainment has announced FBC: Firebreak, a three-player cooperative first-person shooter set in the Control universe. Scheduled for release in 2025 on PC, Xbox Series X|S, and PlayStation 5, it will be available on platforms like Steam, Epic Games Store, PC Game Pass, and PlayStation Plus. FBC: Firebreak is a standalone multiplayer PvE game featuring session-based missions that emphasize teamwork and strategy. Players will face otherworldly threats using customizable tools and abilities. The game represents Remedy's first self-published title and will include post-launch content updates. Remedy, known for narrative-driven games, aims to offer an action-focused multiplayer experience with this release.

Remedy Entertainment Plc announced it will hold a Capital Markets Day on the afternoon of November 19, 2024, for analysts, institutional investors, and financial media. The event will take place at Eliel event studio in Helsinki, Finland, with an option for remote participation. During the event, the management will provide a strategy update and engage in a Q&A session. Details for the webcast link and presentation materials will be available on the company's investor website later. A formal invitation with the agenda and registration details will be released closer to the event. Remedy Entertainment, founded in 1995, is known for its acclaimed video game franchises like Control, Alan Wake, and Max Payne. The company is listed on Nasdaq Helsinki. For more information, contact Liisa Eloranta, Investor Relations Manager.

Remedy Entertainment Plc has announced the adoption of "Option Plan 2024," authorized by the Annual General Meeting held on April 12, 2024. This plan is directed at key personnel as part of the company's incentive and commitment scheme. A maximum of 350,000 option rights will be issued, allowing holders to subscribe to an equal number of new or existing company shares without payment. The subscription period runs from June 1, 2027, to May 31, 2030, with a share price set at EUR 19.76. The potential increase in company shares could reach 2.58% of total shares and votes if only new shares are issued. Remedy also has unexercised options from previous plans and a maximum of 350,000 options can be issued for Option Plans 2022 and 2023. The theoretical market value of the new plan's options is approximately EUR 2,148,779, calculated using the Black-Scholes model. The terms and conditions of the plan are available on the company's website. Remedy Entertainment Plc is a globally renowned video game company known for franchises like Control, Alan Wake, and Max Payne, and its shares are listed on Nasdaq Helsinki.

Remedy Entertainment Plc will release its Q3 2024 Business Review on November 1, 2024, at 9:00 a.m. EET. A webcast and conference call in English discussing the financial results will be held at 2:00 p.m. EET on the same day for investors, analysts, and media. The report will be accessible on Remedy's Investor website. Details for registering for the webcast and dialing into the conference call are provided, with international phone numbers available. A recording of the webcast will also be available on the Investor website. Remedy observes a silent period starting October 2, 2024, until the report's publication. Contact information for Investor Relations Manager Liisa Eloranta is included. Remedy Entertainment, established in 1995 and headquartered in Finland with an office in Stockholm, is known for its acclaimed video game franchises and proprietary Northlight game engine. The company's shares are listed on Nasdaq Helsinki.

Remedy Entertainment Plc has announced an Extraordinary General Meeting (EGM) for shareholders on October 24, 2024, at 09:00 a.m. (EEST) at the company's office in Espoo, Finland. Attendees who preregister can begin reception at 8:30 a.m. Shareholders can also vote in advance as detailed in Section C of the notice. The agenda includes: 1. Opening of the meeting 2. Calling the meeting to order 3. Election of persons to scrutinize the minutes and supervise vote counting 4. Recording the legality of the meeting 5. Recording attendance and adoption of the list of votes 6. Approval of terms for a EUR 15,000,000 convertible loan from Tencent Holdings Ltd's affiliate, Image Frame Investment (HK) Limited, and authorizing the Board to issue special rights entitling to shares under Finnish Companies Act 7. Closing of the meeting Documents and resolutions are available on the company's website, with minutes to be posted by November 7, 2024. Participation requires preregistration from October 1, 2024, to October 21, 2024, at 10:00 a.m. (EEST). Shareholders must provide necessary personal details and may vote in advance. Holders of nominee-registered shares must follow specific instructions for temporary registration and advance voting. Proxy representatives can also preregister and vote in advance. Proxy documents must be submitted by October 21, 2024, at 10:00 a.m. (EEST). The meeting will be conducted in Finnish, and shareholders present can ask questions about the agenda items. Remedy Entertainment Plc has 13,569,151 shares, each representing one vote, and no treasury shares. For more information, contact Liisa Eloranta, Investors Relations Manager, at +358 50 433 4992 or liisa.eloranta@remedygames.com.