Remedy Entertainment Oyj - Managers' Transactions 2 July 2021 at 8.15 a.m. (EEST)
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Person subject to the notification requirement
Name: Järvi, Sami
Position: Other senior manager
Issuer: Remedy Entertainment Oyj
LEI: 7437003VZ3JPF7DBTG92

Notification type: INITIAL NOTIFICATION
Reference number: 7437003VZ3JPF7DBTG92_20210702060136_2
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Remedy Entertainment Plc | Inside information  29 June 2021 9:00 pm (EEST)

Remedy signs a co-publishing and development agreement with 505 Games for a multiplayer spin-off game of the award-winning Control

Collaboration terms for a future, bigger-budget Control-game also agreed

Redeye has made some minor changes in its estimates following the Q1-results in Remedy.

The company's ambitious growth strategy is progressing on the right track and we have not revised our estimates much. Thanks to a multi-project model that has been built with controlled risks and is well-managed, as well as a strong financial position, Remedy’s preconditions for developing successful games are good. In addition, favorable market trends help the company grow into a clearly larger game studio than currently over this decade. Due to the strongly progressing growth story we play the long game when it comes to share valuation.