Rovio Entertainment Corp.: Sega Europe Limited has gained title to the minority shares in Rovio Entertainment Corporation, and the Rovio shares will be delisted from Nasdaq Helsinki
23 January 2024 - 3:30AM
Rovio Entertainment Corp.: Sega Europe Limited has gained title to
the minority shares in Rovio Entertainment Corporation, and the
Rovio shares will be delisted from Nasdaq Helsinki
Rovio Entertainment
Corporation Stock
Exchange
Release January 22,
2024 at 6.30 p.m. EET
Sega Europe Limited has gained title to
the minority shares in Rovio Entertainment Corporation, and the
Rovio shares will be delisted from Nasdaq Helsinki
Sega Europe
Limited (“Sega”) has posted a security
approved by the arbitral tribunal appointed by the Redemption Board
of the Finland Chamber of Commerce in connection with the
redemption proceedings concerning the minority shares in Rovio
Entertainment Corporation (“Rovio”). Sega has thus
gained title to all the shares in Rovio in accordance with Chapter
18, Section 6 of the Finnish Companies Act. After the security has
been posted and the title to the minority shares transferred, the
minority shareholders of Rovio being parties to the redemption
proceedings are only entitled to receive the redemption price and
the possible interest payable thereon.
Upon Rovio’s application, Nasdaq Helsinki Ltd
(“Nasdaq Helsinki”) has on December 19, 2023
resolved that the shares in Rovio will be delisted from the
official list of Nasdaq Helsinki after Sega has gained title to all
the shares in Rovio in the redemption proceedings in accordance
with the Finnish Companies Act. The listing of the Rovio shares on
Nasdaq Helsinki ceases today in accordance with a separate release
published by Nasdaq Helsinki.
ROVIO ENTERTAINMENT CORPORATION
More information:
Alexandre Pelletier-Normand
RovioIR@rovio.com
+358 40 730 3442
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 seven game studios – one in
Espoo (Finland), Stockholm (Sweden), Copenhagen (Denmark),
Barcelona (Spain), Montreal and Toronto (Canada), as well as a
subsidiary in Izmir (Turkey) called Ruby Games. 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. Sega Europe Limited has
acquired more than 90 percent of Rovio’s issued and outstanding
shares and will delist the company from NASDAQ Helsinki stock
exchange as soon as permitted under applicable laws.
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