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Rovio Entertainment's board decides on repurchase of own shares.

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NORDIC BUSINESS REPORT-March 12, 2020-Rovio Entertainment's board decides on repurchase of own shares

(C)2020 M2 COMMUNICATIONS http://www.m2.com

Rovio Entertainment Oyj (HEL:ROVIO) reported on Wednesday the decision by its board of directors to start a repurchasing programme of the company's own shares based on the authorisation given by the Annual General Meeting on 9 April 2019.

Reportedly, the purpose of this share repurchase programme is 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 programme or otherwise for further transfer, retention or cancellation.

Share repurchases will start on 12 March 2020 at the earliest and end by the latest on 31 December 2020. The maximum number of shares to be acquired is 4,500,000 corresponding to 5.5% of the total number of shares, and the maximum capital to be used for the repurchase is EUR27m.

Also, the shares shall be acquired in public trading on Nasdaq Helsinki Ltd at the market price prevailing at...

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