Rovio Entertainment Corp.: Change in Rovio's financial reporting practice
Rovio Entertainment Corporation Stock Exchange Release October 27, 2023 at 9:15 a.m. EEST
Rovio Entertainment Corp.: Change in Rovio's financial reporting practice
In consideration of Sega Europe Limited owning more than 90 percent of Rovio Entertainment Corporation's issued and outstanding shares and that the redemption proceeding in respect of the remaining minority shares has been initiated and the Company's shares will be delisted from Nasdaq Helsinki Ltd as soon as permitted under applicable laws, Rovio Entertainment Corporation has decided to change its financial reporting practice in respect of quarterly (Q1 and Q3) reports.
Rovio Entertainment Corporation will not publish interim reports prepared in accordance with IAS 34 for the first three (Q1) and nine months (Q3) of the financial year for 2024 and beyond. The Company’s disclosure policy has been updated accordingly and is available on its website at https://investors.rovio.com/en/governance/disclosure-policy.
ROVIO ENTERTAINMENT CORPORATION
René Lindell, CFO
+358 40 730 3442 (Investor Relations phone)
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 eight game studios – one in Espoo (Finland), one in Stockholm (Sweden), one in Copenhagen (Denmark), one in Barcelona (Spain), two in Montreal and one in Toronto (Canada). The studios also include a subsidiary in Izmir (Turkey) called Ruby Games, which was acquired in 2021. 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.
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