Evolution AB (publ)'s wholly owned subsidiary, Evolution Malta Holding Limited, ("Evolution") has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd ("Nolimit City") for an upfront consideration of EUR 200 million (the "Transaction"). With earn-outs of up to EUR 140 million the total consideration can amount to up to EUR 340 million, payable in cash.

Transaction highlights and strategic rationale

Redeye comments on Evolution’s Q1-results that came in slightly above our expectations.

At the annual general meeting in Evolution AB (publ) on 8 April 2022, income statements and balance sheets for 2021 for the company and the group were adopted and it was resolved on, among other things, a dividend of EUR 1.42 per share, discharge from liability for the board members and the managing director, re-election of the board members and the chairman of the board, amendment to the articles of association, authorisation for acquisition and transfer of own shares, authorisation for the board of directors to issue shares, warrants and convertible debt as well as authorisation for the b

The 2021 annual report of Evolution has today been published on the group's website.

The annual report is available at www.evolution.com/investors

 
This information is information that Evolution AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication on 18 March 2022 at 17:00 CET.