Rovio Entertainment Corporation Stock Exchange Release October 30, 2017 at 2 p.m. EET
Rovio Entertainment Corporation: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
Rovio Entertainment Corporation (the “Company”) has today received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from Trema International Holdings B.V. (“Trema”), according to which Trema’s direct holding in the Company totals 32,297,528 shares and votes (amounting to 41.45 percent of all the shares and votes in the Company) and Trema’s holding through financial instruments has decreased below the threshold of 5 percent.
The change is due to a share lending agreement signed by Trema, Silavano Investments S.à.r.l (“Silavano”) and Danske Bank A/S, Helsinki Branch (“Danske Bank”) in connection with the initial public offering of the Company on September 29, 2017, according to which Trema has on October 2, 2017 lent 4,638,000 existing shares in the Company to Danske Bank. Danske Bank has notified Trema on October 27, 2017 that it will partially utilize the option, described in the Company’s listing prospectus dated September 15, 2017, to purchase shares from Trema up to the amount corresponding to the shares lent by Trema to Danske Bank (4,638,000 shares) in order to cover over-allotments. Danske Bank purchases 889,418 shares from Trema pursuant to the option and redelivers simultaneously to Trema the shares borrowed by Danske Bank according to the share lending agreement. As a result, Trema’s direct holding in the Company totals 32,297,528 shares and votes (amounting to 41.45 percent of all the shares and votes in the Company) and Trema’s holding through financial instruments will decrease to zero, i.e. below the threshold of 5 percent.
Total positions Trema International Holdings B.V.:
| % of shares and voting rights (total of A) |
% of shares and voting rights through financial instruments (total of B) | Total of both in % (A + B) |
Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 41.45% | N/A | 41.45% | 32,297,528 |
| Position of previous notification (if applicable) | 36.64% | 5.95% | 42.59% | 33,186,946 |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Class/type of shares | Number of shares and voting rights | % of shares and voting rights | ||
| ISIN code (if possible) | Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
| FI4000243399 | 32,297,528 | N/A | 41.45% | N/A |
| SUBTOTAL A | 32,297,528 | 41.45% | ||
Trema notified the Company on October 3, 2017 that Trema’s direct holding of the Company’s shares and votes decreased to 36.64 percent (a total of 28,548,946 shares and votes) and Trema’s holding through financial instruments exceeded the threshold of 5 percent on October 2, 2017 (a total of 4,638,000 shares and votes). The change was due to a share lending agreement signed by Trema, Silavano and Danske Bank in connection with the initial public offering of the Company on September 29, 2017, according to which Trema has on October 2, 2017 lent 4,638,000 existing shares in the Company to Danske Bank.
Additional information:
Rovio communications, tel. +358 40 485 8985, comms@rovio.com
Rauno Heinonen, SVP, Corporate Communications and Investor Relations, tel. +358 40 861 9345, rauno.heinonen@rovio.com
Rovio in brief
Rovio is a games-first entertainment company that creates, develops and publishes mobile games and acts as a brand licensor in various entertainment and consumer product categories. The Company is best known for the global Angry Birds brand, which started from a popular mobile game in 2009. Today, the Company offers multiple mobile games, has produced The Angry Birds Movie, which opened number one in theatres in 50 countries, and licenses the Angry Birds brand to consumer products and other entertainment content. Rovio’s operations are divided into two business units, Games and Brand Licensing. The Games business unit accounted for 79 percent of Rovio’s revenue for the twelve months ended June 30, 2017.
The Company’s mobile games have a large user base. Rovio’s games had been downloaded more than 3.7 billion times as of the end of June 2017, and they had on average 80 million monthly active users during the second quarter of 2017. The Angry Birds brand is one of the most recognized brands in the world with an average global brand awareness of 97 percent[1]. The Company is headquartered in Finland and has offices in Sweden, the United Kingdom, China and the United States.
[1] Based on a study commissioned by the Company including a 15-minute online survey (including screener). Total sample of 7,500 questionnaires collected from five countries including the United States, the United Kingdom, China, Russia, and Mexico during the period June 27, 2017 – July 14, 2017. Source: Lieberman Research Worldwide.