REG - Winking Studios Ltd - Update on Incentive Shares relating to Acquisition

About this update from Winking Studios Limited

RNS Number : 2067E Winking Studios Limited 21 October 2025 WINKING STUDIOS LIMITED(Company Registration No. 159882)(Incorporated in the Cayman Islands)Update on Issuance of Incentive Shares in relation to the Acquisition ofSHANGHAI MINELOADER DIGITAL TECHNOLOGY CO., LTD.(上海皿鎏數字科技有限公司)All capitalised terms used and not defined herein shall have the same meanings ascribed to them in the Company's announcement dated 17 January 2025 in relation to the proposed acquisition of 100% of the equity interest in Shanghai Mineloader Digital Technology Co., Ltd. (上海皿鎏數字科技有限公司) (the "Mineloader Acquisition Announcement").Winking Studios Limited (AIM / SGX:WKS) ("Winking Studios" or the "Company" and together with its subsidiaries, the "Group"), one of Asia's largest AAA game art outsourcing studios and an established game development company, announces that, further to the Mineloader Acquisition Announcement, the Company will issue 1,573,176 new Incentive Shares in 2025 (the "2025 Incentive Shares") to the Key Management Personnel following the terms as set out in the Incentive Agreements.The issue price of the 2025 Incentive Shares per share is £0.1997 (or approximately S$0.33[1]) and pursuant to the Incentive Agreements, is determined based on the volume-weighted average share price of the Shares traded on AIM of the London Stock Exchange, denominated in GBP (£), over the five market days commencing from the day immediately following the date of the Mineloader Acquisition Announcement (the "Issue Price").Based on the Issue Price, the 2025 Incentive Shares have an aggregate value of approximately S$0.5[2] million or £0.3 million (equivalent to approximately RMB2,796,840[3]).Winking Studios completed the acquisition of Shanghai Mineloader Digital Technology Co., Ltd. ("Mineloader") on 1 April 2025. The acquisition of Mineloader significantly increased the Group's headcount by 495 employees, boosting the total number to 1,405 employees as at 31 July 2025. Specialising in higher margin AAA games from console platforms, Mineloader's service offerings in console platform games and established experience and presence in the global gaming industry is proving to be a valuable addition to the Group, with the integration progressing well. Between 1 April 2025 and 30 June 2025, Mineloader contributed approximately US$4.1 million revenue to the Group.Receipt of Listing and Quotat...

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