Evolution completes SEK 363m tranche of share repurchases in October 2026

Evolution AB (publ) acquired 447,327 of its own shares on Nasdaq Stockholm during the trading week 05 October 2026–09 October 2026 as part of the repurchase programme announced on 18 May 2026. The purchases were executed on behalf of Evolution by Citibank, which the company says made timing decisions independently; following the transactions Evolution held 1,404,419 treasury shares as of 09 October 2026.

What Evolution did and when

Evolution's board introduced the repurchase programme on 18 May 2026 with the stated aim of optimizing the company's capital structure by reducing share capital and thereby creating added shareholder value. The firm's announcement covers acquisitions carried out in accordance with the EU Market Abuse Regulation No 596/2014 ("MAR") and the Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation").

During 05 October 2026–09 October 2026 Evolution acquired shares as follows:

• 2026-10-05: 84,090 shares at a weighted average price of SEK 808.5523 (daily value SEK 67,991,162.91)

• 2026-10-06: 83,237 shares at SEK 819.2122 (daily value SEK 68,188,765.89)

• 2026-10-07: 85,000 shares at SEK 813.2495 (daily value SEK 69,126,207.50)

• 2026-10-08: 100,000 shares at SEK 809.1500 (daily value SEK 80,915,000.00)

• 2026-10-09: 95,000 shares at SEK 813.4454 (daily value SEK 77,277,313.00)

All transactions were executed on Nasdaq Stockholm. The report states Citibank made trading decisions about timing independently of Evolution.

Size and limits of the repurchase programme

The total number of shares in Evolution is 183,058,121. The company notes the maximum number of shares it may hold at any time under the programme may not exceed ten percent of outstanding shares, which equates to 18,305,812 shares.

From 19 May 2026 through 09 October 2026 a total of 17,572,911 shares have been acquired under the programme. Evolution cancelled 16,168,492 of the shares it acquired in the period from 19 May 2026 up to and including 21 September 2026. After those cancellations and the purchases recorded through 09 October 2026, Evolution’s holding of own shares stood at 1,404,419.

Governance, regulatory framework and execution

Evolution implemented the repurchase activity under the constraints of MAR and the Safe Harbour Regulation, which set conditions for on-market buybacks and safe-harbour rules for price and timing. The company explicitly records that Citibank executed the trades on Nasdaq Stockholm on behalf of Evolution and retained independent discretion over trade timing.

The corporate contact for investor relations named in the release is Joakim Andersson, Chief Financial Officer, with the listed email [email protected]. The information was submitted for publication on 12 October 2026 at 08:45 CEST.

Corporate profile and licences mentioned

Evolution AB (publ) develops, produces, markets and licences fully integrated B2B Online Casino solutions to gaming operators. Since its inception in 2006 Evolution says it has 870 operator customers and employs approximately 22,900 people across studios in Europe, Asia, North and South America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO.

Evolution is licensed and regulated by the Malta Gaming Authority under licence MGA/B2B/187/2010 and is also licensed in jurisdictions including the United Kingdom, Belgium, Canada, Romania and South Africa. When discussing its business model the company uses the standard industry descriptor B2B; readers seeking vendor- or operator-focused context may find Evolution's positioning relevant to wider b2b coverage.

Financial magnitude and immediate implications

The five trading days reported total a combined notional daily transaction value of SEK 363,498,448.30 (sum of the five daily transaction values). The weighted average prices per day ranged between SEK 808.5523 and SEK 819.2122.

The repurchases and subsequent cancellations reduce the company's outstanding share capital within the limits set by the board and applicable regulations. Evolution's remaining treasury holding of 1,404,419 shares represents the post-cancellation balance recorded on 09 October 2026.

"Citibank made its trading decisions concerning the timing of the purchases of shares independently of Evolution," the company noted in the announcement, reiterating the execution arrangement.

What readers in markets and compliance should note

Market participants and compliance teams should note: the programme follows MAR and the Safe Harbour Regulation; trades were executed on Nasdaq Stockholm by an agent acting with independent timing; and a material portion of acquired shares (16,168,492) were cancelled in September 2026. The programme's ten-percent cap sets a clear ceiling of 18,305,812 shares for potential future acquisitions.

For further information the release directs enquiries to Joakim Andersson, CFO, at [email protected].