Evolution Gaming co-founders sell down share holdings

Evolution co-founders Jens von Bahr and Fredrik Österberg have sold a combined total of 1,798,520 shares in Evolution Gaming Group.

The transaction undertaken through an accelerated bookbuilding process to Swedish and international institutional investors, corresponds to approximately 5 percent of all outstanding shares in the company, at a price of SEK 557 per share.

The duo moved quickly to calm the market saying the decision had been an “emotional process” and acknowledged that “no time is a good time” in a decision of this nature but that the vast majority of their wealth remained in the business.

“We remain firm in our belief in, and commitment to, Evolution Gaming and intend to continue to be active shareholders for the long run,” a press statement reads.

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