Evolution AB (publ) (OM:EVO) entered into an agreement to acquire Nolimit city Stockholm Ab for €340 million on June 22, 2022. The total up-front consideration payable by Evolution in the Transaction is €200 million on a cash and debt free basis. The consideration is financed from with 100% of existing cash flow without any changes to our dividend. In addition, Evolution may pay earn-out payments in cash, based on Nolimit City's EBITDA for the years 2022, 2023 and 2024, respectively. Completion of transaction is expected to occur in Q3, 2022 .Transaction is expect to be accretive to EPS 2022.

Fredrik Palm of Gernandt & Danielsson Advokatbyrå KB and Scott Leonard-Morgan of Cains Advocates Limited acted as legal advisor and working closely with Gernandt & Danielsson and Wiggin LLP for Evolution. Michael Juhlin of Advokatfirman Delphi acted as as legal advisor in connection with the Transaction.