Evolution : Acquisitions of own shares in Evolution AB (publ)
March 11, 2024 at 06:20 am EDT
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Published: 2024-03-11 11:00:00 CET
Evolution AB
Other information disclosed according to the rules of the Exchange
Acquisitions of own shares in Evolution AB (publ)
Evolution AB (publ) ("Evolution") has, during the period 04 March - 08 March acquired a total of 259,324 own shares within the framework of the repurchase programme introduced by the board of directors to improve the capital structure of Evolution by reducing the capital, and thereby creating added shareholder value.
The repurchase programme, which Evolution announced on 23 November 2023, is being implemented in accordance with the EU Market Abuse Regulation No 596/2014 ("MAR") and Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation").
During the period 04 March - 08 March, shares in Evolution have been acquired as set out below.
Date
Aggregated daily volume (number of shares)
Weighted average price per day (SEK)
Daily transaction value per day (SEK)
2024-03-04
54,000
1,332.7183
71,966,788.20
2024-03-05
54,000
1,326.5220
71,632,188.00
2024-03-06
51,074
1,320.4621
67,441,281.30
2024-03-07
58,650
1,306.7525
76,641,034.13
2024-03-08
41,600
1,313.6452
54,647,640.32
All acquisitions were carried out on Nasdaq Stockholm on behalf of Evolution by Citibank which makes its trading decisions concerning the timing of the purchases of shares independently of Evolution. Following the above acquisitions, Evolution's holding of own shares amounted to 4,738,087 as of 08 March 2024. The total number of shares in Evolution is 215,604,777.
A full breakdown of the transactions conducted according to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this press release. Since 27 November up to and including 08 March, a total of 3,031,555 shares have been acquired within the scope of the programme. A maximum of 19,853,945 shares in total may be acquired. For information about all transactions carried out under the repurchase programme, please refer to Nasdaq Stockholm's website, https://www.nasdaqomxnordic.com/news/corporate-actions/repurchase-of-own-shares.
For further information, please contact:
Jacob Kaplan, CFO, ir@evolution.com.
The information was submitted for publication, under the agency of the contact person set out above, on 11 March, at 11:00 CET.
Evolution AB (publ) ("Evolution") develops, produces, markets and licenses fully-integrated B2B Online Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 800+ operators among its customers. The group currently employs 19,200+ people in studios across Europe and in North America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO. Visitwww.evolution.comfor more information.
Evolution is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010. Evolution is also licensed and regulated in many other jurisdictions such as the United Kingdom, Belgium, Canada, Romania, South Africa, and others.
This news release was distributed by Company News System, www.nasdaqomxnordic.com/news/marketnotices
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11 March 2024 and is solely responsible for the information contained therein. Distributed by
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Evolution AB specializes in the development, publishing and marketing of live casino games on the Internet for gaming operators. The group operates in the fields of roulette, blackjack, baccarat and poker games, while offering software solutions and online casino platforms live on computers, smartphones and tablets.
At the end of 2023, Evolution AB had 20 production studios located in the United States (5), Canada (2), Malta (2), Spain (2), Argentina, Colombia, Armenia, Belgium, Georgia, Bulgaria, Latvia, Lithuania and Romania.
Net sales are distributed geographically as follows: Sweden (0.1%), Malta (73.4%), Curaçao (18.8%), Australia (2.5%), North America (1%) and other (4.2%).