STOCKHOLM, Dec 3 2021 / PRNewswire / – TThe board of directors of Evolution AB (publ) has, on the basis of the authorization of the 2021 annual general meeting, decided that the company will acquire its own shares on Nasdaq Stockholm. The objective of the acquisitions of own shares will be to optimize and improve the capital structure of the company by reducing the capital, thus creating added value for the shareholder.
The buyback program will be implemented in accordance with EU Market Abuse Regulation No. 596/2014 (“MAR”) and Commission Delegated Regulation No. 2016/1052 (“Safe Harbor Regulation”).
Terms and conditions for the acquisition of own shares
In accordance with the resolution of the board of directors, any acquisition of treasury shares must be made on Nasdaq Stockholm in accordance with the Nasdaq Stockholm rulebook for issuers and the following terms and conditions.
- Acquisitions may be made on one or more occasions before the 2022 annual general meeting.
- The maximum amount for which shares may be acquired may not exceed 200 million euros.
- Acquisitions will be made at a price within the recorded price range of the share at any given time.
- The shares acquired will be paid in cash.
Total number of company shares and own shares held by the company
In accordance with the authorization of the 2021 annual general meeting, the holding of treasury shares by the company may not at any time exceed 10 percent of all the shares of the company. To date, the total number of shares of the company is 215,111,115 shares. The company does not hold any own shares, which means that a maximum amount of 21,511,111 shares can be repurchased under the authorization.
Declaration of acquisitions of own shares
Completed acquisitions of treasury shares will be declared in accordance with applicable laws and regulations as well as Nasdaq Stockholm regulations for issuers.
For more information, please contact:
Jacob Kaplan, CFO, [email protected]
Infrared phone: +46 70 508 85 75
This information is such that Evolution AB (publ) is obliged to make it public in accordance with the EU Market Abuse Regulation. The information has been submitted for publication, through the contact person indicated above on December 3, 2021, To 8:50 am CET.
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