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Rovio Entertainment Corporation Stock Exchange Posted: September 23, 2022, 9:30am EST
Rovio Entertainment Corporation begins to buy back its own shares
The Board of Directors of Rovio Entertainment Corporation has decided to initiate a repurchase program for the company’s own shares as authorized by the Annual General Meeting of Shareholders on April 7, 2022.
The purpose of the share repurchase program is to develop the company’s capital structure and/or to use the shares as consideration for a potential acquisition, as part of the company’s share-based incentive program or otherwise for further transfer, retention or cancellation.
The share repurchase can begin as early as September 26, 2022 and end at the latest on December 31, 2022. The maximum number of shares to be acquired is 800,000 shares, equivalent to 1.0% of the total number of shares, and the maximum capital repurchase amount used is 6 million euros. Shares should be purchased in public trading on Nasdaq Helsinki Ltd. at the market price at the time of purchase. The self-owned shares are repurchased with the funds in the company’s unrestricted shareholders’ equity.
The Board of Directors of Rovio Entertainment Corporation, authorized by the Annual General Meeting of Shareholders, decides to repurchase and/or accept pledges as the Company’s own shares. The number of self-owned shares repurchased and/or pledged shall not exceed 8,210,120 shares.
Currently, the total share capital of Rovio Entertainment Corporation is 82,963,825 shares, of which the Company holds 7,411,416 shares.
ROVIO Entertainment
More information:
Rene Lindell, Chief Financial Officer
Media Phone: +358 40 4858985
RovioIR@rovio.com
distribute:
Nasdaq Helsinki Ltd.
key media
https://investors.rovio.com/en
About Rovio:
Rovio Entertainment Corporation is a global mobile-first gaming company that creates, develops and publishes mobile games with more than 5 billion downloads. Rovio is best known as the global Angry Birds brand, which started out as a popular mobile game in 2009 and has evolved from gaming to a variety of entertainment, animation and consumer products licensed by the brand. Rovio produced The Angry Birds Movie (2016), and its sequel, The Angry Birds Movie 2, was released in 2019. The company offers several mobile games and has seven game studios – two in Espoo (Finland), one in Stockholm (Sweden), Copenhagen (Denmark), Montreal and Toronto (Canada). The studio also includes a subsidiary in Izmir (Turkey) called Ruby Games, which was acquired in 2021. Most of the employees are based in Finland, where Rovio is headquartered. The company’s shares are listed on the main board of the Nasdaq Helsinki Stock Exchange under the symbol ROVIO.
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