kambi-group-plc-completes-share-buyback-programme-initiated-on-18-march-2024

Kambi Group plc completes share buyback programme initiated on 18 March 2024

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Kambi has during the period 13 May to 17 May 2024 (the “Buyback Period”) repurchased a total of 92,000 ordinary B shares (ISIN: MT0000780107) at a volume-weighted average price of 104.89 SEK as part of the Programme. From the beginning of the Programme, which started on 18 March, until and including 17 May 2024, Kambi has repurchased a total of 479,086 ordinary B shares at a volume-weighted average price of 96.49 SEK per share.

The objective of the Programme was to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme was carried out in accordance with the Maltese Companies Act, the EU Market Abuse Regulation No 596/2014 (“MAR”), Commission Delegated Regulation (EU) No 2016/1052 (“Safe Harbour Regulation”) and other applicable rules.

During the Buyback Period, Kambi has repurchased shares as follows:

Date Aggregated daily volume (number of
ordinary B shares)
Weighted average
share price per day (SEK)
Total daily transaction
value (SEK)
13 May 2024 20,000 105.08 2,101,612
14 May 2024 25,000 107.22 2,680,383
15 May 2024 30,000 104.99 3,149,601
16 May 2024 15,000 101.23 1,518,519
17 May 2024 2,000 99.98 199,958

All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 17 May 2024, Kambi’s holding of its own shares amounted to 1,374,678 and the total number of issued shares in Kambi is 31,278,297 ordinary B shares. Under the Programme Kambi was authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €4.0 million.

The post Kambi Group plc completes share buyback programme initiated on 18 March 2024 appeared first on European Gaming Industry News.

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