founder, chairman stake sale at discount

Evolution Petroleum

11/05/2021 10:59

** Shares in Swedish live-casino company Evolution  EVOG.ST 
slide 9% to the bottom of pan-European STOXX 600 index  .STOXX 
after a block trade on Monday  urn:newsml:reuters.com:*:nFWN2MY0E0
    ** According to the bookrunner, the shares were priced at
SEK 1,480 per share, representing a discount of about 6.6% to
Monday's close price
    ** The company told Reuters the shares were sold by
Österbahr Ventures AB but did not specify how many shares were
traded
    ** Österbahr Ventures, which is co-owned by Evolution's
Co-founder Fredrik Österberg and Chairman Jens Von Bahr, held
about 13% stake in the co, according to Refinitiv data
    ** The stock's drop on Tuesday reduces year-to-date gains to
72%
    
    

 ((Izabela.niemiec@tr.com;
Tommyalexander.lund@thomsonreuters.com))