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IN BRIEF: Winking Studios launches around £500,000 share buyback

ALN

Winking Studios Ltd - Singapore-based video game services firm - Starts share buyback programme for up to S$857,000, around £500,000. ‘The board believes that the current market value of the company’s ordinary shares does not appropriately reflect the underlying value of the group and that the initial programme represents an appropriate use of capital, Winking says. Chief Executive Johnny Jan says Winking remains committed to ’disciplined capital allocation‘ but that share buybacks represent a ’prudent‘ deployment of capital.

Current stock price: 14.56 pence

12-month change: up 21%

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