Stock options
Ongoing option plans
Stock Options 2022A
Rovio has a Stock Option 2022A plan in place for key employees of the company. The aim is to align the objectives of the shareholders and the key employees in order to increase the long-term value of the company, to retain the key employees, and to offer them a competitive reward plan.
The number of stock options issued is 856,500. The stock options entitle their owners to subscribe for a maximum total of 856,500 new shares in the Company or existing shares held by the Company.
The number of shares subscribed by exercising stock options issued corresponds to a maximum total of 1 per cent of all shares and votes of the shares in the company after the potential share subscriptions based on the stock options, if new shares are issued in the share subscription. The share subscription price for shares subscribed by virtue of the stock options is EUR 7.90 per share.
The Share subscription period for stock options will be 1 March 2025 – 28 February 2027.
Terms And Conditions for Stock Options 2022A
More information about the incentive programs can be found from the Governance section.
Expired option plans
Stock Options 2017-2019
Rovio has a long-term incentive plan Stock Option 2017-2019 for all employees.
The option plan provided for the issuance of up to 5,000,000 options. Each option entitles its holder to subscribe for one share. The option plan includes three lots of options that were allocated to 2017, 2018, and 2019. Last options from the plan were allocated in 2019. Stock option plans are intended to reward personnel from the positive change in company’s share value and to align the interest of the employees and shareholders.
Subscription periods of the stock options;
- 2017A, 2017B: October 1, 2019–September 30, 2020
- 2018A, 2018B: June 1, 2020–May 31, 2021
- 2019A, 2019B: June 1, 2021–May 31, 2022
Terms And Conditions Stock Options 2017-2019
Option rights 2019A and 2019B
Rovio has applied for the listing of its series 2019A and 2019B stock options on the Nasdaq Helsinki Ltd (First North) as of June 1, 2021.
The share subscription period of the option rights 2019A and 2019B begins on June 1st, 2021 and ends on May 31st, 2022, after which the options cannot be used anymore.
Currently the share subscription price for the stock options 2019A is €6.80 per share and the for the stock options 2019B €7.13 per share.
Key Dates for Stock Options 2017-2019
The shares subscribed for under the Rovio Entertainment Corporation stock options during 2022 are estimated to be registered in the Trade Register and listed on NASDAQ Helsinki on the following target dates:
| Stock option program | Subscription and payment date | Estimated registration date to Trade Register | Estimated listing date |
|---|---|---|---|
| 2019A, 2019B | By 1.2.2022 | 21.2.2022 | 22.2.2022 |
| 2019A, 2019B | By 19.4.2022 | 9.5.2022 | 10.5.2022 |
| 2019A, 2019B | By 31.5.2022 | 20.6.2022 | 21.6.2022 |
If the above target dates change or earlier or additional target dates become available, the above table will be updated accordingly.
The dividend rights of the new shares and other shareholder rights shall commence once the shares are entered into the Trade Register.
Option holders who have a book-entry account at Evli Bank Plc
Option holders who are currently employed to Rovio Entertainment Corporation and who have a book-entry account at Evli Bank can carry out their share subscription electronically through the Incentive portal at https://incentive.eam.fi.
Other option rights holders (investors) who have a book-entry account at Evli Bank
Other option rights holders (investors) who have a book-entry account at Evli Bank can subscribe shares by contacting Evli Bank’s Helpdesk by email [email protected] or by phone +358 (0) 9 4766 9931 (9:00 am – 4:00 pm).
Option holders who have a book-entry account in another account operator
Option holders who are currently employed to Rovio Entertainment Corporation or other option rights holders (investors) who have a book-entry account in another account operator will contact their respective account operator for share subscription. The account operator will provide further information on how to subscribe shares.
After the subscription and paying the subscription price according to the payment instructions the account operator will take care of the required entries in your book-entry account, whereby the options used for subscription will be removed and new shares of Rovio Entertainment Corporation will be entered.
The subscribed shares are not immediately available for selling on the stock exchange, but the new shares will first be entered into the Trade Register and after that the shares will be applied for listing on the stock exchange as a so-called supplementary lot. Therefore, a stock option holder should be aware that the subscribed share would only be quoted after several weeks from the share subscription.
More information about the stock option programs can be found from the Governance section.