GDEV Inc. (NasdaqGM:GDEV) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 10.13% of its issued share capital. The shares will be repurchased at a purchase price of $2 per share.

The purpose of the offer is to return capital to its shareholders. The repurchased shares will be held by company as treasury shares and will be available for issue in the future without further shareholder action for purposes including, without limitation, acquisitions, raising additional capital and the satisfaction of obligations under existing or future employee benefit or compensation programs or share plans or compensation programs for directors, officers and employees. The offer will be funded from funds available from cash and cash equivalents.

The company may, at its option, accept for payment an additional number of shares not to exceed 2% of the total number of outstanding shares (exclusive of any shares held by or for company account) without extending the Offer. The offer is valid till January 18, 2024. As of December 18, 2023, the company had197,434,304 shares issued and outstanding.