Evolution, registered in Stockholm, announced the completion of the transaction to acquire the developer of gaming machines Big Time Gaming.
Evolution April 12 of this year entered into an agreement on the acquisition of all released share capital Big Time Gaming Pty Ltd (BIG TIME) for remuneration paid by money and EVOLUTION shares.
All permits of regulatory authorities, on the basis of which this operation was carried out, now received, and Evolution completed the transaction and acquired Big Time shares.
In connection with the completion of the transaction, the Board of Directors Evolution decided to release 1 105 032 shares. The right to subscribe to new stocks is provided, with a deviation from the preferred Rights of shareholders, the sellers of Big Time, which subscribed to the shares, in account of their receivables in the amount of 140,30,000 euros against newly issued shares.
The price of the subscription in the issue is 126.72 euros per share, which – in accordance with the agreement on the transaction – equivalent to the weighted average price of Evolution shares on the Nasdaq stockholm exchange in the period from March 23 to April 7, 2021.
Earlier we reported that Evolution announced the launch of Gonzo’s Treasure Hunt, an innovative online show with live games and the world’s first game combining the live gameplay and the process in the style of slot machines, as well as the first game with a virtual reality mode.