Winking Studios Limited (AIM/SGX: WKS), one of the world's largest AAA game art outsourcing studios, has announced a share buyback conducted on the Singapore Exchange on 11 November 2026. The transaction was carried out under a share buyback mandate approved by shareholders at the Extraordinary General Meeting held on 30 April 2026. The purchased shares are to be held in treasury. The announcement, authorised by Executive Director and Chief Executive Officer Johnny Jan, was classified by the company as inside information under UK Market Abuse Regulation.

Key Points

  • Winking Studios Limited (AIM/SGX: WKS), dual-listed on the London Stock Exchange and Singapore Exchange
  • Share buyback executed on the Singapore Exchange on 11 November 2026 under the April 2026 EGM mandate
  • Purchased shares will be held in treasury; full transaction details published via the company's investor relations portal
  • Investors may be watching whether further buyback tranches follow under the existing shareholder-approved mandate

EGM Mandate From April 2026 Underpins WKS Singapore Buyback Activity

The share buyback was conducted pursuant to a mandate approved by Winking Studios shareholders at an Extraordinary General Meeting held on 30 April 2026. This mandate provides the board with authority to repurchase the company's own shares in the market, with the latest transaction executed on the Singapore Exchange on 11 November 2026. The specific volume of shares purchased and the price paid per share were not disclosed within the announcement text itself, with the company directing investors to a detailed summary document published on its investor relations website at investor.winkingworks.com.

Treasury Share Treatment and Dual-Listing Structure at WKS

Winking Studios confirmed that the shares acquired through this buyback will be held in treasury rather than cancelled. The company operates a dual listing on both the London Stock Exchange's AIM market and the Singapore Exchange under the trading code WKS, meaning its capital management activity is subject to regulatory oversight across two jurisdictions. The announcement was reviewed by PrimePartners Corporate Finance Pte. Ltd. in its capacity as continuing sponsor, as required under Singapore Exchange rules, though the SGX-ST itself has not examined or approved the content.

Winking Studios' Global Studio Network and AAA Game Art Outsourcing Operations

Headquartered in Singapore, Winking Studios operates 14 studios across Taipei, Nanjing, Suzhou, Dalian, Tianjin, Shanghai, Quebec, and Kuala Lumpur, employing over 1,400 staff. The group reports more than 25 years of operating history and serves a global client base that includes 22 of the top 25 game publishers worldwide. Its three business segments — Art Outsourcing, Game Development, and Global Publishing and Other Services — provide end-to-end solutions for the global gaming industry across multiple platforms, positioning the company within the high-demand AAA games production supply chain.

Market Abuse Regulation Classification and Adviser Panel for WKS Disclosure

Winking Studios classified the buyback announcement as inside information under the UK Market Abuse Regulation, as retained in domestic law following the European Union (Withdrawal) Act 2018. The company's adviser panel includes Strand Hanson Limited as financial and nominated adviser, SP Angel Corporate Finance LLP and Zeus Capital Limited as joint brokers, and Alma Strategic Communications handling UK investor relations. This broad advisory structure reflects the company's obligations across both its AIM and SGX listings and its internationally distributed investor base.