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Rovio Entertainment Corporation Stock Exchange Release March 1, 2021 at 3:30 p.m. EET
Rovio Entertainment Corp. Rovio launches employee stock savings plan 2021-2023 plan
The board of directors of Rovio Entertainment Corporation has decided to launch a new plan period 2021–2023 of the employee savings plan (ESS plan), implemented in 2020. A new plan period begins on April 1, 2021 and ends. ends August 31, 2023 General details for the new plan period are similar to the previous plan period. Around 120 employees became shareholders of Rovio under the ESS plan during the period 2020-2022.
The new plan period is available to approximately 470 Rovio employees, excluding employees in China and the United States and Hatch Entertainment. Participation in the ESS plan is voluntary. The savings period for the 2021-2023 period of the plan begins on April 1, 2021 and ends on March 31, 2022. Participants can save a minimum of 2% and a maximum of 8% of their salary in the plan. The savings will be used to acquire Rovio shares quarterly after the publication dates of the respective interim reports. Dividends paid for the shares will be reinvested in additional shares to be purchased in the market on the next potential acquisition date. As a reward for this commitment, Rovio grants participating employees a part of free (gross) consideration for two savings shares acquired with their savings, including the part to be paid in cash to cover applicable taxes and tax charges. The conditions for receiving the corresponding shares are retention in employment and the holding of savings shares until the end of the holding period ending August 31, 2023. The corresponding shares are paid to participating employees after the detention period.
The savings shares and the corresponding shares of the plan period will be acquired by purchasing shares on the market. The total amount of all savings made during the life of the plan cannot exceed 2,400,000 euros. The board of directors will decide separately on the following potential periods of the plan and their details.
ROVIO ENTERTAINMENT CORPORATION
Board of directors
Further information:
René Lindell, Chief Financial Officer
[email protected]
Media office: +358 40 485 8985
Distribution:
Nasdaq Helsinki Ltd
Key media
https://investors.rovio.com/en
About Rovio:
Rovio Entertainment Corporation is a global mobile games company that creates, develops and publishes mobile games, which have been downloaded over 4.5 billion times so far. 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 into various entertainment and consumer products in brand licensing. Today, Rovio offers several mobile games, animation and produced The Angry Birds Movie in 2016. Its sequel, The Angry Birds Movie 2, was released in 2019. Rovio is headquartered in Finland and the company’s shares are listed on the main NASDAQ Helsinki Stock Exchange with the trading code ROVIO. (www.rovio.com)
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