Evolution AB (publ) (OM:EVO) commences share repurchases on December 6, 2021, under the program mandated by the shareholders in the Annual Shareholders’ Meeting held on April 16, 2021. As per the mandate, the company is authorized to repurchase 21,511,111 shares, representing 10% of its share capital, such that at any given time provided that the company's holding of own shares at any given time does not exceed 10% of all shares in the company. The shares will be repurchased within the price interval registered at any given time, i.e. the interval between the highest bid price and the lowest selling price. The purpose of the buyback is to enable the board of directors to optimize and improve the capital structure of the company, thereby creating added shareholder value, and/or to enable the company to use acquired own shares as payment for, or financing of, acquisitions of companies or businesses or to hedge or facilitate the settlement of the company’s incentive programs. The program will be valid till the next Annual General Meeting 2021. On December 3, 2021, the company announced a share repurchase program. Under the program, the company will repurchase €200 million worth of shares. The purpose of acquisitions of own shares shall be to optimize and improve the capital structure of the company by reducing the capital, thereby creating added shareholder value. The program is valid till the annual general meeting 2022. As of December 6, 2021, the company had 215,111,115 shares and no shares in treasury.