New Buyback Programme
Evolution AB has approved a new share buyback programme worth up to €2bn, alongside a €300m revolving credit facility intended to support financial flexibility.
The Stockholm-listed live casino and online casino supplier said its board had resolved to acquire the company’s own shares following authorisation from its 2026 annual general meeting. Evolution said the purpose of the programme is to optimise its capital structure by reducing share capital and creating added shareholder value.
Buyback To Start Immediately
The programme follows authorisation granted at Evolution’s annual general meeting on 24 April 2026. The company said the total amount allocated to the buyback will not exceed €2bn.
Repurchases will be carried out under the EU Market Abuse Regulation and related safe harbour rules. Evolution said the shares will be bought through an appointed investment firm or credit institution, which will make independent decisions on the timing of purchases.
The company said the programme will begin immediately and continue until the full amount has been used or until further notice. Shares may be acquired on Nasdaq Stockholm or another regulated market, with all purchases paid for in cash.
Share Limit Set At 10%
Evolution said acquisitions may be made on one or more occasions before the 2027 annual general meeting.
Under Swedish company law and the annual meeting authorisation, Evolution may not hold more than 10% of its own shares at any one time. At the time of the announcement, the company had 199,226,613 shares in issue and held no treasury shares, meaning up to 19,922,661 shares may initially be repurchased.
The board said it may convene an extraordinary general meeting if the company’s holding of own shares approaches or reaches the permitted maximum. That meeting would be used to resolve on cancellation of repurchased shares and approve a further buyback programme for the remaining part of the €2bn allocation.
Credit Facility Agreed
Alongside the buyback, Evolution has agreed a €300m senior unsecured revolving credit facility. The company said it continues to aim for a net cash position over time, but described the buyback as a material adjustment to its capital structure.
The facility is intended as back-up financing for general corporate purposes. It is provided by J.P. Morgan SE and Citibank Europe plc, with a three-year bullet repayment structure and two one-year extension options.
Evolution is listed on Nasdaq Stockholm under the ticker EVO. The group describes itself as a B2B provider of online casino solutions to gaming operators, with around 870 operator customers and approximately 22,900 employees across studios in Europe, Asia, North America and South America.
