Evolution repurchases 763,000 shares under buyback programme
Evolution has acquired a further 762,982 shares as part of its ongoing share repurchase programme, taking its total buybacks since May to almost 3.8 million shares.
Evolution has continued its share repurchase programme with the acquisition of 762,982 shares between 15 and 18 June, as part of a strategy to optimise its capital structure and enhance shareholder value.
The purchases were made on Nasdaq Stockholm and had a combined value of approximately SEK542.3m (€49m).
Following the latest transactions, Evolution’s holding of treasury shares increased to 3,756,971 shares, representing approximately 1.9 per cent of the company’s total issued share capital.
The buyback programme was announced on 18 May and is being conducted in accordance with the EU Market Abuse Regulation and the Safe Harbour Regulation governing share repurchases.
Since the programme commenced on 19 May, Evolution has repurchased a total of 3,756,971 shares. The company has authorisation to acquire up to 19,922,661 shares in total.
The purchases were executed by Citibank on behalf of Evolution, with trading decisions made independently of the company.
Evolution currently has 199,226,613 shares in issue.
