Date: 27.12.2023

by Antoni Majewski

Evolution AB Advances Shareholder Value with Strategic Share Repurchase Program

Evolution AB (“Evolution”) has been actively acquiring its own shares as part of a repurchase program initiated by the board of directors. The program, aimed at enhancing the capital structure and creating additional shareholder value, saw significant activity between December 18 and December 22.


Under the program, which was announced on November 23, 2023, a total of 242,297 shares were purchased during the specified period. These acquisitions are being conducted in compliance with the EU Market Abuse Regulation No 596/2014 (“MAR”) and Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”).

Breakdown of Acquisitions

The share acquisitions by date, volume, average price, and total value are as follows:

  • December 18, 2023: 56,000 shares at an average price of SEK 1,181.7224, totaling SEK 66,176,454.40
  • December 19, 2023: 31,697 shares at an average price of SEK 1,199.1056, totaling SEK 38,008,050.20
  • December 20, 2023: 50,600 shares at an average price of SEK 1,205.0856, totaling SEK 60,977,331.36
  • December 21, 2023: 56,000 shares at an average price of SEK 1,196.5460, totaling SEK 67,006,576.00
  • December 22, 2023: 48,000 shares at an average price of SEK 1,190.0614, totaling SEK 57,122,947.20

These transactions were executed on Nasdaq Stockholm by Citibank, which independently decides the timing of the share purchases on behalf of Evolution.

Evolution’s Current Share Holdings

As of December 22, 2023, Evolution’s holding of its own shares totaled 2,693,431. The total number of shares in Evolution stands at 215,604,777. Since the start of the program on November 27 up to December 22, a total of 986,899 shares have been acquired. The program allows for the acquisition of up to 19,853,945 shares in total.

Access to Detailed Transaction Data

A comprehensive breakdown of the transactions, in line with article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation, is attached to this press release. For detailed information on all transactions under the repurchase program, refer to Nasdaq Stockholm’s website at Nasdaq OMX Nordic.

Our Comment on the Article

This strategic move by Evolution AB demonstrates the company’s proactive approach in optimizing its capital structure and enhancing shareholder value. The repurchase program reflects a strong confidence in the company’s financial stability and future prospects. It also signals to the market and investors Evolution’s commitment to managing its assets effectively, further bolstering its position in the competitive industry landscape.