Evolution AB Announces Successful Acquisition of Own Shares in Capital Enhancement Initiative

(IN BRIEF) Evolution AB (publ) (“Evolution”) has reported its recent acquisition of own shares as part of the ongoing repurchase program aimed at enhancing the company’s capital structure and delivering increased shareholder value. Between March 4th and March 8th, Evolution acquired a total of 259,324 own shares, in accordance with the repurchase program initiated by the board of directors. These acquisitions were executed on Nasdaq Stockholm by Citibank, independently making trading decisions concerning the timing of purchases. As of March 8, 2024, Evolution holds 4,738,087 own shares out of a total of 215,604,777 shares. The detailed breakdown of these transactions, compliant with MAR and the Safe Harbour Regulation, is provided in the attached document. Since November 27, 2023, Evolution has acquired a total of 3,031,555 shares under the repurchase program, with a maximum limit of 19,853,945 shares. Further details on these transactions can be found on Nasdaq Stockholm’s website.

(PRESS RELEASE) STOCKHOLM, 11-Mar-2024 — /EuropaWire/ — Evolution AB (STO: EVO), develops, produces, markets and licenses fully-integrated B2B Online Casino solutions to gaming operators, proudly announces the successful acquisition of 259,324 of its own shares between March 4th and March 8th, as part of its ongoing repurchase program sanctioned by the board of directors. This initiative aims to enhance Evolution’s capital structure, consequently bolstering shareholder value.

Launched on November 23, 2023, the repurchase program aligns with the EU Market Abuse Regulation No 596/2014 (“MAR”) and Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”).

The acquisitions, executed on Nasdaq Stockholm, were overseen by Citibank, which autonomously determined the timing of share purchases. The breakdown of these acquisitions, including daily transaction volumes and weighted average prices, is detailed 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

As of March 8, 2024, Evolution holds a total of 4,738,087 of its own shares, out of 215,604,777 outstanding shares. Pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation, a comprehensive breakdown of these transactions is provided alongside this press release.

Since November 27, 2023, Evolution has acquired 3,031,555 shares within the repurchase program’s framework, with a maximum cap set at 19,853,945 shares. For detailed information on all transactions under the repurchase program, kindly refer to Nasdaq Stockholm’s website at 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. Visit www.evolution.com for 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.

SOURCE: Evolution AB (publ)