Winking Studios Limited, a leading AAA game art outsourcing and development company, has announced the commencement of a share buyback programme. The initiative, valued at approximately S$857,000 (US$665,000), follows the approval of a share buyback mandate at the Extraordinary General Meeting on 30 April 2026.
The programme aims to purchase up to 44,193,811 ordinary shares, representing 10% of the company’s existing shares, excluding treasury shares and subsidiary holdings. The buyback will be conducted through licenced stockbrokers, adhering to the mandate’s guidelines detailed in a circular issued to shareholders on 7 April 2026.
Johnny Jan, Executive Director and CEO of Winking Studios, stated, “As part of our long-term growth strategy, we remain committed to disciplined capital allocation, balancing investments in growth opportunities with initiatives focused on enhancing shareholder returns.”
The board believes that the current market value of the company’s shares does not reflect its true worth, making the buyback a strategic use of capital. The programme underscores the company’s confidence in its business strength and growth strategy.
The company will ensure that the public float remains above 10% and will avoid share purchases during periods of price-sensitive developments. Decisions on whether to cancel or retain purchased shares as treasury shares will be made based on prevailing circumstances.
Winking Studios, dual-listed on the London Stock Exchange and Singapore Exchange, continues to serve a global clientele, including 22 of the top 25 game publishers worldwide.
