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Sweden – Evolution completes €450m Big Time Gaming acquisition

By - 1 July 2021

Evolution has completed its acquisition of Big Time Gaming for €450m.

Following the announcement in April that Evolution had entered into an agreement to acquire Big Time Gaming, all regulatory approvals have now been received resulting in Evolution completing the transaction and acquiring the shares.

Evolution’s board of directors has resolved to issue 1,105,032 shares. The right to subscribe for the new shares accrues, with deviation from the shareholders’ preferential rights, to the sellers of Big Time who have subscribed for the shares against set-off of their receivable of €140,030,000 against the newly issued shares.

The subscription price in the issue amounts to €126,72 per share, which – in accordance with the agreement in respect of the transaction – is equivalent to the volume weighted average price of the Evolution share on Nasdaq Stockholm during the period 23 March – 7 April.

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