The Swedish online casino solutions developer, Evolution, has announced plans to repurchase some of its shares. The company intends to optimize its capital structure through this initiative.
The share buyback program has already been approved by Evolution's shareholders and board of directors.
The repurchase will take place on NASDAQ Stockholm and other regulated markets. A transaction will be conducted by an independent investment or credit institution without the company's direct involvement in determining the timing of transactions. The program will continue until it either reaches the limit of 2 billion euros or until the next annual general meeting of Evolution's shareholders, which will be held in 2027.
Simultaneously, Evolution has opened a renewable credit line of 300 million euros to maintain liquidity.