The Board of Directors of Evolution AB (publ) has adopted a capital allocation framework that outlines the intended future uses of capital.

Evolution AB (publ)’s wholly owned subsidiary, Evolution Malta Holding Limited, (“Evolution”) has entered into an agreement to acquire Galaxy Gaming, Inc. (“Galaxy Gaming”) for a total equity value of approximately $85 million (the “Transaction”), payable in cash.

The 2023 annual report of Evolution has today been published on the group’s website.

Evolution AB (publ) (“Evolution”) has, during the period 25 March – 28 March acquired a total of 173,376 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 program is thereby completed and closed.

During March 2024, 793,730 new shares in Evolution AB (publ) have been issued through the exercise of 793,730 warrants of series 2021/2024.