Evolution’s incentive to nurture growth and commitment

Lea Hogg October 16, 2023

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Evolution’s incentive to nurture growth and commitment

Evolution, a key player in the gaming industry, has announced an innovative employee incentive program with a dual objective with a view to retain top-tier talent and stimulate employee motivation and loyalty. The company is hoping that employees will support this incentive and see it as their personal investment in the future growth of the company. Central to this initiative is the belief that Evolution’s stock is undervalued, offering potential growth of at least 30 percent.

Game-changing strategy

Shareholders will cast their votes on this game-changing program during an extraordinary general meeting on November 9. The program’s implementation is contingent on the collective support of shareholders holding at least 90 percent of the total votes and shares represented at the meeting.

In a nutshell, this initiative involves issuing up to 2.5 million warrants to select participants, including the CEO, senior management, and key personnel. Warrants, unique financial derivatives, grant the right to purchase shares at a predetermined future price without conferring ownership or voting rights. These warrants enable participants to acquire Evolution shares in 2026 at 130 percent of the average share price between 26 October, 2023, and 8 November, 2023.

Road Ahead

Allocation of warrants to employees will hinge on performance metrics, encompassing financial aspects like revenue growth and EBITDA margins, as well as adherence to Evolution’s Code of Ethics. This program, complemented by other strategic elements, is poised to attract the necessary talent to drive targeted growth and performance. Evolution’s board of directors will determine warrant allocation by November 30, 2023.

Background: In recent times, Evolution’s stock faced its share of challenges, with fluctuations in value over different timeframes. Shareholders and program participants will closely monitor the company’s performance, as achieving the ambitious 30% growth target comes with no guarantees. This journey represents Evolution’s commitment to nurturing its human capital, building shareholder value, and realizing its vision in the competitive gaming industry.

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