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 10 November 2026. The transaction was carried out under the share buyback mandate approved by shareholders at the Extraordinary General Meeting held on 30 April 2026. The purchased shares will be held in treasury, the company confirmed. Investors in the dual-listed gaming services group may be watching the pace of buyback activity as a signal of management's confidence in the business.

Key Points

  • Winking Studios Limited (AIM/SGX: WKS) is dual-listed on the London Stock Exchange and Singapore Exchange
  • The company executed a share buyback on the Singapore Exchange on 10 November 2026
  • The buyback was conducted pursuant to the mandate approved at the Extraordinary General Meeting on 30 April 2026; purchased shares will be held in treasury
  • Investors should watch for further buyback disclosures and any update to the total volume of shares repurchased under the mandate

Share Buyback Executed on SGX Under Shareholder-Approved April 2026 Mandate

Winking Studios Limited confirmed it carried out the share repurchase on the Singapore Exchange on 10 November 2026, acting under authority granted by shareholders at the Extraordinary General Meeting convened on 30 April 2026. The company stated that all shares acquired through this transaction will be held in treasury rather than cancelled. Full transactional details, including the number of shares purchased and the prices paid, have been published by the company via a dedicated investor relations document linked within the announcement. The company did not disclose the aggregate cost of the buyback in this announcement.

Winking Studios Operates 14 Studios Across Asia, Canada and Malaysia Serving Top Global Publishers

Headquartered in Singapore, Winking Studios operates 14 studios spanning Taipei, Nanjing, Suzhou, Dalian, Tianjin, Shanghai, Quebec and Kuala Lumpur, employing more than 1,400 specialist staff. The group generates revenue across three business segments: Art Outsourcing, Game Development, and Global Publishing and Other Services. Its client base includes 22 of the top 25 game publishers worldwide, underscoring the scale and reach of its AAA game art outsourcing offering. The company draws on over 25 years of industry experience, positioning itself as a provider of end-to-end services for the global gaming sector across multiple platforms.

Treasury Share Treatment and Regulatory Context for the WKS Buyback Programme

By electing to hold repurchased shares in treasury, Winking Studios retains the flexibility to reissue those shares at a later date, a structure commonly used by listed companies to manage dilution and capital allocation efficiently. The announcement was reviewed by the company's continuing sponsor, PrimePartners Corporate Finance Pte. Ltd., as required under SGX listing rules. The company additionally confirmed the information constitutes inside information under UK Market Abuse Regulation, as retained in domestic law following the European Union (Withdrawal) Act 2018, reflecting its obligations as an AIM-quoted issuer.