Skip to main content

Rovio Entertainment Corp.: Rovio completes its share buyback programme

Rovio Entertainment Corporation         Stock Exchange Release         December 28, 2022 at 11:30 a.m. EET

Rovio completes its share buyback programme

As communicated on November 8, 2022 the Board of Directors of Rovio Entertainment decided to use the authorisation given by the Annual General Meeting held on April 7, 2022 to repurchase the company’s own shares.

The repurchases started on November 9, 2022 and ended on December 27, 2022. During this period, Rovio repurchased 1,000,000 shares for a total cost of EUR 6,075,121.50, yielding an average price of EUR 6.075122 per share, corresponding to approximately 1.2% of the total number of the company’s shares, which is 82,963,825.

The repurchased shares are to be used to develop the Company’s capital structure and/or to use the shares as consideration in potential acquisitions, as part of the Company’s share-based incentive program or otherwise for further transfer, retention or cancellation.

The shares were repurchased through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase.

Following the repurchases, the company holds a total of 6,856,349 of its own shares.

ROVIO ENTERTAINMENT CORPORATION

More information:
Rene Lindell, CFO
Media phone: +358 40 4858985
RovioIR@rovio.com

Distribution:
Nasdaq Helsinki Ltd
Key media
https://investors.rovio.com/en

About Rovio:
Rovio Entertainment Corporation is a global mobile-first games company that creates, develops and publishes mobile games, which have been downloaded over 5 billion times. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009, and has since evolved from games to various entertainment, animations and consumer products in brand licensing. Rovio has produced The Angry Birds Movie (2016), and its sequel, The Angry Birds Movie 2 was released in 2019. The company offers multiple mobile games and has eight game studios – one in Espoo (Finland), one in Stockholm (Sweden), one in Copenhagen (Denmark), one in Barcelona (Spain), two in Montreal and one in Toronto (Canada). The studios also include 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 list of NASDAQ Helsinki stock exchange with the trading code ROVIO.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.