Huuuge, Inc. announces an Equity Buyback for 7,139,797 shares, representing 10.64% for $70 million.
March 13, 2024
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Huuuge, Inc. (WSE:HUG) announces a share repurchase program. Under the program, the company will repurchase up to 7,139,797 shares, representing 10.64% of its share capital for $70 million. The shares will be repurchased at a price of $9.8042 per share.
The shares under the buyback will be acquired with the intention to retire them. The program will expire on April 18, 2024. As of March 14, 2024, the company has 4,069,428 shares in treasury.
Huuuge, Inc. is engaged in holding activities. The Company is engaged in the development of mobile games in the free-to-play model, distribution, and user acquisition of its own mobile games. The Companyâs products include Huuuge Casino, Billionaire Casino, and Traffic Puzzle. Huuuge Casino offers players over 100 casino slot machines, as well as card games and roulette. Billionaire Casino offers players casino slot machines, as well as card games and roulette. Traffic Puzzle offers different levels in which players assist vehicles such as the police, fire trucks and ambulances to reach their destinations. The Company has operations in the United States, Germany, United Kingdom, Canada, Japan, France, Netherlands, Australia, Poland, Switzerland, Taiwan, Italy, South Africa, Spain, Austria and others. The Companyâs subsidiaries include Huuuge Games Sp. z o.o., Huuuge Global Ltd, Huuuge Publishing Ltd, Huuuge Block Ltd, Double Star Oy, Huuuge UK Ltd and Huuuge Digital Ltd.
HUUUGE, INC. 
