By SectorWire desk ·
The report said that Kenneth Dart increased his Evolution EVO · SEK 800.00 2026-10-16 Data holding above 30%. The additional purchase requires him to make a takeover offer, although the report said his intentions remained unclear.
The shareholding increase triggers a mandatory bid requirement.
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Shareholders face an offer below Evolution’s current trading price, with the board advising them to decline.
Evolution’s board rejection signals to investors that it considers Candle Lake’s mandatory takeover offer below the company’s value.
The bid fulfils the reported mandatory-offer requirement affecting Dart’s Evolution investment.
Crossing the ownership threshold required Candle Lake to make a takeover offer.
The shareholding increase triggers a takeover-offer obligation for Candle Lake.
The increased stake requires Candle Lake to make an offer or cut its ownership.