Rovio Entertainment Corp.: Rovio applies for the delisting of its shares from Nasdaq Helsinki
December 08 2023 - 7:30AM
Rovio Entertainment Corp.: Rovio applies for the delisting of its
shares from Nasdaq Helsinki
Rovio Entertainment
Corporation Stock
Exchange
Release December 8,
2023 at 2:30 p.m. EET
Rovio applies for the delisting of its
shares from Nasdaq Helsinki
The Board of Directors of Rovio Entertainment
Corporation (“Rovio”) has today resolved to apply
for the termination of public trading in the shares of Rovio and
for the delisting of its shares from the official list of Nasdaq
Helsinki Ltd (“Nasdaq Helsinki”).
Sega Europe
Limited
(“Sega”) holds more than 90 percent of the issued
and outstanding shares in Rovio. Sega has on September 29, 2023
initiated redemption proceedings in respect of the minority shares
in Rovio in order to obtain ownership of all the issued and
outstanding shares in Rovio by serving its application to appoint
an arbitral tribunal and to initiate arbitration proceedings in
accordance with Chapter 18, Section 5, of the Finnish Companies
Act.
The Board of Directors of Rovio has resolved to
submit an application to Nasdaq Helsinki for the termination of
public trading and for the delisting of the Rovio shares. In the
application, it will be requested that the delisting in respect of
the Rovio shares admitted to trading on the official list of Nasdaq
Helsinki would become effective as soon as possible upon Sega
having gained title to all the shares in Rovio in the pending
redemption proceedings under Chapter 18 of the Finnish Companies
Act.
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.
(www.rovio.com)
Rovio Entertainment (TG:R0F)
Historical Stock Chart
From Dec 2024 to Jan 2025
Rovio Entertainment (TG:R0F)
Historical Stock Chart
From Jan 2024 to Jan 2025