Prime Focus board approves DNEG shareholder exit option

Prime Focus Limited's board of directors, at a meeting on October 3, 2025, approved an exit option for Indivisual Investment L.L.C. O.P.C. from DNEG S.a.r.l. This option, available on or after January 1, 2029, allows Indivisual Investment L.L.C. O.P.C., which holds a minority stake, to swap its DNEG shares for equity shares in Prime Focus. Prime Focus currently holds an 88.28% stake in DNEG, a material subsidiary.

The exit mechanism is formalized through an "Option Deed" between Prime Focus and the involved counterparties, including Indivisual Investment L.L.C. O.P.C., an unrelated party, and A2R Holdings S.a r.l., a promoter group entity. The transaction does not involve a related party transaction.

Prime Focus is obligated to provide this exit opportunity upon the investor's exercise of the option within a specified timeline, with shares of the company issued as consideration. The company clarified that this Option Deed will not impact its management or control.