Evolution completes SEK 778m tranche in ongoing share buyback programme

BLUF: Evolution AB (publ) acquired 778,000 of its own shares during 14–18 September 2026 under the repurchase programme the board launched on 18 May 2026. The purchases were executed on Nasdaq Stockholm by Citibank acting independently; Evolution's holding of own shares stood at 15,991,100 as of 18 September 2026 and the company may acquire up to 19,922,661 shares in total under the programme.

What the latest acquisitions were and how they were executed (evolution share buyback)

Evolution AB (publ) implemented a series of market purchases between 14 September 2026 and 18 September 2026 as part of a share repurchase programme authorised by the board to optimise the company's capital structure and reduce share capital. The repurchase programme was announced on 18 May 2026 and is being 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").

All trades in the period were carried out on Nasdaq Stockholm on behalf of Evolution by Citibank, which the company states makes trading-timing decisions independently of Evolution.

Daily breakdown of the 14–18 September 2026 purchases

The company published the daily aggregated volumes, weighted average prices and daily transaction values for the week:

• 2026-09-14: 165,000 shares at a weighted average price of SEK 891.7912 — daily value SEK 147,145,548.00

• 2026-09-15: 160,000 shares at SEK 891.6456 — daily value SEK 142,663,296.00

• 2026-09-16: 153,000 shares at SEK 896.0722 — daily value SEK 137,099,046.60

• 2026-09-17: 150,000 shares at SEK 907.0869 — daily value SEK 136,063,035.00

• 2026-09-18: 150,000 shares at SEK 883.1278 — daily value SEK 132,469,170.00

The aggregated volume across those five trading days was 778,000 shares.

Position after these purchases and programme limits (evolution share buyback)

Following the transactions settled on 18 September 2026, Evolution's holding of own shares amounted to 15,991,100. The total number of registered shares in Evolution is 199,226,613. Since 19 May 2026 up to and including 18 September 2026, Evolution has acquired a total of 15,991,100 shares under the programme. The programme permits the acquisition of a maximum of 19,922,661 shares in total.

The board's stated purpose for these repurchases is to optimise capital structure by reducing share capital and thereby creating added shareholder value.

Execution mechanics and regulatory framework

The company confirms trades were placed on Nasdaq Stockholm with Citibank as the executing agent. Evolution emphasises that Citibank makes its trading decisions concerning the timing of purchases independently of Evolution, a typical market practice intended to ensure compliance with market-abuse rules and to distance the issuer from intraday trading choices. The repurchases are explicitly being implemented under MAR and the Safe Harbour Regulation, which set out permissible methods and timing for company buybacks in EU markets.

Corporate context and contact details

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

Evolution is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010 and holds licences in additional jurisdictions including the United Kingdom, Belgium, Canada, Romania and South Africa. For investor queries the company listed Joakim Andersson, Chief Financial Officer, as the contact and provided [email protected] as the investor-relations address. The information was submitted for publication under the agency of the contact person on 21 September 2026 at 08:00 CEST.

What this means for stakeholders and next steps

The buybacks reduce the number of outstanding shares and therefore lower issued share capital within the limits approved by the board. The programme remains subject to the overall cap of 19,922,661 shares; with 15,991,100 already bought since 19 May 2026, the company retains headroom for further acquisitions up to that maximum. Market participants should watch subsequent disclosure notices for additional daily or aggregated purchase information and any changes to the programme's pace.

For readers tracking industry consolidation and capital allocation among public B2B suppliers, this repurchase programme is a clear example of corporate balance-sheet management by a major supplier in the live-casino segment. For details on Evolution's B2B product offering see the company's profile on B2B solutions. For regulatory context on market rules referenced above consult our regulation coverage.

"The repurchase programme is intended to optimise the capital structure of Evolution by reducing the capital, and thereby creating added shareholder value," the company said in its notice. — Evolution AB (publ)