Evolution AB launches €2 billion share buyback to boost capital structure
Evolution AB has announced a €2 billion share buyback programme aimed at strengthening its capital structure. The company has also secured a €300 million credit facility with JP Morgan SE and Citibank Europe plc to support its financial strategy. The board has approved the repurchase of up to 19,922,661 shares, staying below the 10% ownership threshold. Buying will take place on Nasdaq Stockholm or other regulated markets, with an independent firm managing the process. The company will not control the timing of repurchases directly.
The programme can run until the full €2 billion is spent or until the 2027 annual general meeting (AGM). If shareholdings near the limit, the board may call an extraordinary general meeting for further approval. Evolution’s first-quarter revenue was boosted by growth in North America and Latin America, with regulated markets making up 48% of sales. However, the company faces ongoing litigation in New Jersey and a review by the UK Gambling Commission over unlicensed operations.
The buyback programme is designed to enhance shareholder value and optimise Evolution’s capital structure. The €300 million credit facility provides additional financial flexibility as the company navigates regulatory challenges and market expansion.
