Next Games Corporation Company Release May 31, 2022 at 11:00 a.m. (EEST)
Special representative appointed in the redemption proceedings of the minority shares in Next Games Corporation
According to information received from Netflix, Inc. (“Netflix”), Netflix has by its application to the Redemption Board of the Finland Chamber of Commerce dated 9 May 2022 (the “Application”) commenced redemption proceedings in respect of Next Game Corporation’s (“Next Games”) minority shares in order to obtain ownership to all the remaining Next Games shares (excluding treasury shares held by Next Games).
As a consequence of Netflix’s Application, the Redemption Board of the Finland Chamber of Commerce has petitioned the District Court of Helsinki for the appointment of a special representative to look after the interests of Next Games’ minority shareholders during the arbitral proceedings pursuant to Chapter 18 Section 3 of the Finnish Companies Act. With its decision given on 24 May 2022 the District Court of Helsinki has appointed Professor Matti J. Sillanpää to act as such special representative.
Netflix’s notice, which includes the main contents of the Application as well as the contact details of the special representative, as referred to in chapter 18, section 5 subsection 2 of the Finnish Companies Act, is available as an attachment to this release and on the website of Next Games. The Finnish language version has been published in the Finnish Official Gazette on 31 May 2022.
Next Games Corporation
Certified Adviser: Aktia Alexander Corporate Finance Oy, tel. +358 (0) 50 520 4098
About Next Games
Next Games is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead games redefine the way franchise entertainment transforms into highly engaging service-based mobile games. Next Games works on multiple new games based on beloved global IPs. The Company’s latest game, Stranger Things: Puzzle Tales, is based on Netflix’s hit 80s horror drama series.