General Gaming Tencent triples its investment stake in Remedy from 5% to nearly 15%

[Commissar SFLUFAN]

Remedy Entertainment Plc: Tencent Holdings Limited's shareholding in Remedy has gone above the 10 percent threshold - Remedy Investors

INVESTORS.REMEDYGAMES.COM

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Remedy Entertainment Plc     Stock Exchange Release      April 26, […]

 

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Remedy Entertainment Plc has on April 25, 2024, 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 10 percent threshold on April 24, 2024.

 

According to the notification, Tencent Holdings Limited’s indirect shareholding in Remedy has increased to 2,005,716 shares, corresponding to 14.80 percent of Remedy’s shares and voting rights. Remedy’s registered total number of shares and voting rights amounting to 13,552,651 has been used in the calculation of percentages for the notification.

 

 

[Mr.Vic20]

Nibble, nibble, nibble. Someday that's much of many cookies. 

[Commissar SFLUFAN]

Just now, Mr.Vic20 said:

Nibble, nibble, nibble. Someday that's much of many cookies. 

 

Without that nibbling, I'm pretty damned sure Remedy doesn't have enough cash flow to remain in existence.

[Commissar SFLUFAN]

1 hour ago, Commissar SFLUFAN said:

Without that nibbling, I'm pretty damned sure Remedy doesn't have enough cash flow to remain in existence.

 

OK - after reading a bit further, Remedy didn't actually receive a capital infusion for this transaction as Tencent acquired the shares from the secondary (indirect) market rather than acquiring them directly from Remedy as newly-issued stock.