The board of Kambi Group plc has decided to exercise the buy-back mandate that was received at the extraordinary general meeting on June 19, 2023. The buy-back programme will run until May 21, 2024, up to a total of €2.8 million.
The board of directors of Kambi Group plc has, empowered by a mandate received at the extraordinary general meeting (EGM) on June 19, 2023, decided to initiate a share buy-back programme. The objective of the buy-back is to achieve added value for Kambi Group plc’s shareholders and to give the board increased flexibility with Kambi Group plc’s capital structure.
Kambi Group plc has entered into an agreement with Carnegie Investment Bank AB (Carnegie) to conduct the share repurchases on its behalf. The acquisition of shares shall take place on one or several occasions on Nasdaq First North Growth market in Stockholm and Carnegie will make its trading decisions in relation to Kambi Group plc’s shares independently of and without influence by Kambi Group plc and in accordance with the Maltese Companies Act and other applicable rules.
Share repurchases are to be made at a price per share within a defined range. Share repurchases are to be made at a price per share within the recorded interval at any given time, i.e. the interval between the highest buying price and the lowest selling price. Total share repurchases under the programme may not exceed €2.8 million. Payments for the shares are to be made in cash.
According to the EGM resolution, the maximum number of shares that may be acquired during this mandate is 3,127,830, which was equivalent to 10% of total share in the company at that time. Acquisitions can be made as of today, December 5, 2023.
At the time of this announcement, the total number of issued shares in Kambi Group plc is 31,278,297. Kambi Group plc currently holds 657,992 of its own shares from prior repurchase programmes. Information on completed buy-backs will also be available on the company’s website, www. Kambi .com.
