Brief: Rovio Entertainment Says Sega Europe Limited To Commence Redemption Proceedings

Rovio Entertainment Oyj

18/08/2023 11:08

Aug 18 (Reuters) - Rovio Entertainment Oyj  ROVIO.HE :
    * ROVIO ENTERTAINMENT CORP.: SEGA EUROPE LIMITED TO COMMENCE
REDEMPTION PROCEEDINGS IN RESPECT OF REMAINING MINORITY SHARES
IN ROVIO ENTERTAINMENT CORPORATION
    * OFFEROR HAS DECIDED TO EXERCISE ITS REDEMPTION RIGHT
PURSUANT TO
FINNISH COMPANIES ACT AND TO REDEEM ALL SHARES HELD BY ANY OTHER
REMAINING SHAREHOLDERS IN ROVIO
    * TO IMPLEMENT REDEMPTION OF REMAINING SHARES, OFFEROR WILL
INITIATE ARBITRATION PROCEEDINGS AS SOON AS POSSIBLE AS PROVIDED
IN FINNISH COMPANIES ACT
    * IN SUCH REDEMPTION PROCEEDINGS, OFFEROR WILL DEMAND THAT
REDEMPTION PRICE FOR REMAINING SHARES IS SET TO NO MORE THAN EUR
9.25 PER SHARE, WHICH CORRESPONDS TO CONSIDERATION PAID BY
OFFEROR IN OFFER IN ACCORDANCE WITH TERMS AND CONDITIONS OF
OFFER

Source text for Eikon:  ID:nGNE9B34WY 
Further company coverage:  ROVIO.HE 

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