Rovio Entertainment reports on change in shareholding pattern.
NORDIC BUSINESS REPORT-October 31, 2017-Rovio Entertainment reports on change in shareholding pattern
(C)2017 M2 COMMUNICATIONS http://www.m2.com
Rovio Entertainment Oyj (HEL:ROVIO) announced on Monday that it has been notified that Trema International Holdings B.V (Trema) now has a direct holding of 32,297,528 shares and votes in the company, amounting to 41.45% of all the shares and votes in the company.
Also, Trema's holding through financial instruments in the company has decreased below the threshold of 5%.
The company said this change is due to a share lending agreement signed by Trema, Silavano Investments S.?.r.l (Silavano) and Danske Bank A/S, Helsinki branch, in connection with the initial public offering of the company on 29 September 2017, according to which Trema has on 2 October 2017 lent 4,638,000 existing shares in the company to Danske Bank.
Also, Danske Bank had notified Trema on 27 October 2017 that it will partially utilise the option 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.
Reportedly, Danske Bank purchased 889,418 shares from Trema pursuant to the option and simultaneously redelivered to Trema the shares borrowed by Danske Bank according to the share lending agreement.
As a result, Trema's direct holding in the company now totals 32,297,528 shares and votes (amounting to 41.45% of all the shares and votes in the company) and Trema's holding through financial instruments will decrease to zero, or below the 5% threshold.
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.
((Comments on this story may be sent to firstname.lastname@example.org))