Rovio Entertainment Corporation Stock Exchange release October 31, 2022 at 5:30 p.m. EET
Rovio completes its share buyback program
As announced on September 23, 2022, the Board of Directors of Rovio Entertainment has decided to make use of the authorization granted by the Annual General Meeting on April 7, 2022 to buy back the company’s own shares.
The repurchases began on September 26, 2022 and ended on October 28, 2022. During this period, Rovio repurchased 800,000 shares at a total price of EUR 4,608,361.21, for an average price of EUR 5.76045 per share, which is approximately 1 .0% of the total number of shares in the company, which is 82,963,825.
The repurchased shares are intended to be used to develop the Company’s capital structure and/or to use the shares as consideration for potential acquisitions, as part of the Company’s stock-based incentive program, or otherwise for onward transfer, withholding or cancellation.
The shares were repurchased via public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase.
After the repurchases, the Company holds a total of 8,211,416 shares.
ROVIO ENTERTAINMENT CORPORATION
René Lindell, Chief Financial Officer
Media phone: +358 40 4858985
Nasdaq Helsinki Ltd
Rovio Entertainment Corporation is a global mobile-first games company that creates, develops and publishes mobile games that 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, animation and consumer products in brand licensing. 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 nine game studios – two 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 includes a subsidiary in Izmir (Turkey) called Ruby Games, which was acquired in 2021. Most employees are based in Finland, where Rovio is headquartered. The company’s shares are listed on the main list of the NASDAQ Helsinki Stock Exchange under the trading code ROVIO.