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REMEDY ENTERTAINMENT PLC: Board of Directors decided on a new option plan

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Board of Directors decided on a new option plan

The Board of Directors of Remedy Entertainment Plc has, by virtue of the authorization granted by the Annual General Meeting held on April 8, 2019, decided to adopt an option plan “Option Plan 2019” directed to the key persons as decided separately by the Board of Directors. There is a weighty financial reason to issue the option rights as the option plan is a part of the company’s incentive and commitment scheme for key persons.

The maximum total number of option rights issued is 400,000, entitling their holders to subscribe for a maximum of 400,000 new shares of the company or existing shares held by the company. The option rights will be granted without payment. The Board of Directors may allocate option rights until the beginning of the share subscription period. The share subscription period shall begin on June 1, 2022, and end on May 31, 2025.

The share subscription price is EUR 9.23, which is the trade volume weighted average price of the company’s share on First North Finland marketplace during April 1 – June 30, 2019, with an addition of 10 percent.

The number of company’s shares may increase at maximum by 400,000 shares as a result of the share subscriptions with the option rights, equaling to 3.21 percent of all shares and votes in the company after the possible share subscription, if only new shares are issued in the subscription. In addition, the company has earlier issued 400,000 option rights under the Option Plan 2018.

The Board of Directors has decided to issue 400,000 option rights, which remain with the company to be allocated later to key persons decided by the Board of Directors.

The now decided “Option Plan 2019” is a part of the Board of Directors’ longer-term plan to introduce a long-term share-based incentive program to the company’s key persons during the years 2018–2020, corresponding a total of 10 percent of all company shares and votes after a potential subscription. Possible option plan for 2020 will be decided separately.

The terms and conditions of Option Plan 2019 are available for viewing on the company’s web site at www.remedygames.com/investors/.

Remedy Entertainment Plc

 

REMEDY IN BRIEF
Remedy Entertainment Plc is a globally successful video game company known for story-driven and visually stunning console and computer games such as Alan Wake and Max Payne. Founded and based in 1995, Finland, the company employs over 200 game industry professionals from 25 different countries. Remedy is listed on the Nasdaq First North marketplace.

Our latest games include Control, a supernatural action-adventure created by Remedy and to be published by 505 Games on August 27th 2019 on PlayStation 4, Xbox One and PC, as well as a cooperation project with Smilegate, based on Crossfire, which is one of the world’s biggest game brands. Remedy also develops its own Northlight game engine and game development tools. www.remedygames.com

 

Source: Globenewswire

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: REMEDY ENTERTAINMENT PLC: Board of Directors decided on a new option plan

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Week 29 slot games releases

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Week 29/2019 slot games releasesReading Time: 4 minutes

 

Introducing Sherlock of London™, the latest online slot from award-winning entertainment provider Microgaming. Developed exclusively by Rabcat, the creators of Castle Builder II™ and Crystal Rift™, Sherlock of London™ brings the excitement and intriguing adventures to life in the form of a thrilling five-by-three reel, 25-payline online slot. Through the sinister smog of old London, a legendary sleuth and his trusty companion are hot on the trail of big wins.

Sherlock of London - Microgaming

Twin Casino is proud to announce the release of their first online slot game, Banana Odyssey, created in partnership with Slingshot Studios exclusively for Microgaming. For the next 7 weeks you will be able to play Banana Odyssey exclusively at twin.com. Staring two Astro-chimps, Chip and Buck, this intergalactic adventure will take you to the Banana Planet, a faraway place packed with enormous riches and big wins.

Twin Casino - first video slot

 

The highly anticipated new game title from Wazdan, Larry the Leprechaun, has officially been released – just in time for iGB Live! – offering players a little Irish luck as they journey through an enchanted forest in search of a pot full of gold. Larry the Leprechaun transports players into the enchanted forest where they can spin the reels in their search for the ancient Irish legend, the ultimate pot of gold. Full of exciting twists and turns, Larry the Leprechaun offers players a wide variety of special features that charm each spin. The game has 16 reels and no paylines, meaning that symbols pay on any position on the reels. What is more, players can block any symbols and re-spin the reels for a chance to get a winning combination.

Wazdan - Larry the Leprechaun

Relax Gaming, has boosted its proprietary offering with the localised and high energy game Powerspin, adding another title to its Jackpot Stars series. With 5 fixed paylines, the 3×3 video slot offers a modern twist on the classic fruit theme and is packed with bonus features that promise powerful and frequent wins. Multipliers and symbol upgrades can be won when the same symbol lands on all 9 positions thanks to the Bonus Wheel feature, while players can also choose to place a side bet to trigger the jackpot.

Relax Gaming with Powerspin

 

Playson transports players to a place of mysticism and beauty with its latest slot, Solar Queen. The Egyptian-themed 4×5 slot with 20 lines slot features the progressive accumulation of Wild symbols and winning multipliers to pique the interest of even the most seasoned adventurers. Sun symbols trigger the Flaming Frames feature and increase multipliers, and with every tenth spin each frame is transformed into Wild symbols.

Egyptian quest awaits slots fans in Playson’s Solar Queen

 

Blueprint Gaming is inviting players to beat the banker once again in the latest addition to its popular Pub Fruit Series – Deal or No Deal: Double Action™. Following the success of last year’s debut release, The Perfect Play, the next incarnation of the slot game using the Deal or No Deal™ licence, inspired by the world-renowned gameshow, delivers even more features from the classic pub fruit gaming format. Collect five or more telephone symbols to trigger the Double Action feature, where players can experience two games at the same time and double their chances of picking a box filled with top prizes.

Double the action in Blueprint’s latest Deal or No Deal™ game release

 

Microgaming has launched its latest online slot “Magic of Sahara” developed by All41 Studios. Following the release of Le Kaffee Bar, Magic of Sahara is the second game developed by All41 Studios. Conjured up with lavish art and music, the game’s enchanting atmosphere invites players into a desert wonderland filled with stacked wilds, free spins and a Token Chain feature. Casting a spell during the base game are valuable super stacked wilds, which can materialise on reels three and four, invoking magical rewards.

Microgaming - Magic of Sahara

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Week 29 slot games releases

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DouYu International Holdings Ltd Raises $775 Million in U.S. IPO

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DouYu International Holdings Ltd Raises $775 Million in U.S. IPOReading Time: 1 minute

 

DouYu International Holdings Ltd, a Chinese video-streaming service which is backed by the Tencent Holdings Ltd, has raised $775 million through an initial public offering in the U.S.

DouYu sold 67.39 million American depositary shares at $11.50 apiece, at the bottom of an indicative price range of $11.50 to $14 a share. The IPO values the company at nearly $4 billion, including restricted shares issued to employees under a share-based compensation program.

In 2018, around 683 million people or roughly half the country’s population, played games on phones, computers or game consoles. The market-research firm forecasts that number will reach 878 million or nearly a third of videogamers globally in 2023.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: DouYu International Holdings Ltd Raises 5 Million in U.S. IPO

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Fortuna Becomes the Official Sponsor of Stomil Olsztyn in Poland

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Fortuna Becomes the Official Sponsor of Stomil Olsztyn in PolandReading Time: 1 minute

 

Bookmaker Fortuna has signed a deal with the Polish football club Stomil Olsztyn and become the official sponsor of the club. The contract will be valid at least until the end of the 2019/2020 season.

The joint marketing plans of Stomil and Fortuna assume activations directed to supporters and the presence of a bookmaker in the club’s social media channels.

“Involvement of the club and players in the struggle for survival of Stomil at the level of Fortuna 1st League in the spring round of the previous season made a huge impression on the whole football environment,” Leszek Haba, Member of the Board, Marketing Director of Fortuna Online Zakłady Bukmacherskie said.

“I am convinced that better days are coming for the Pride of Warmia, therefore, as Fortuna, we want to accompany the team from Olsztyn in the fight for higher and higher sporting and organizational goals. I hope that thanks to cooperation with Stomil we will strengthen our presence in the region, and the club, with our support, will soon refer to the times when, as an equal, it competed with the best teams in the country,” Leszek Haba added.

“We are very pleased that such a company recognized on the Polish market, which undoubtedly is Fortuna joined the group supporting the Club and together we will build #NowyStomil. I believe that this cooperation will bring benefits for both parties,” Robert Jurga, President of Stomil said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Fortuna Becomes the Official Sponsor of Stomil Olsztyn in Poland

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