Trading is expected to be suspended during January, and at the earliest, the money (redemption price + interest) will be in the account in about 20 days, although at its slowest, this has taken over 100 days. Personally, I believe in the quicker payment, as a fair interest rate is currently being paid for the redemption period and stalling becomes expensive.
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So, for what period is this interest paid?
Interest is paid for the period of 22.9.2023 - xx.01.2024, i.e., for about 4 months. The interest rate for 2023 is 7% and for 2024 it is 7.5%. There’s a free lunch on offer here, as you get interest for the entire ~4-month period even if you bought the shares on the last trading day. In this case, assuming the payment reaches your account in about a month, you get an annualized return of around 25-30% on your capital.
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The Evolution Exchange Gaming Podcast featured an interesting interview with Rovio’s CEO Alexandre Pelletier-Normand:
Topics included Alexandre’s background, the acquisition offers from Playtika and Sega, and the near future of Rovio and the gaming industry.
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