Strategic share buybacks reflect Kambi’s growth

Kambi Group plc, a leader in the global sports betting technology industry, has reinforced its dedication to shareholders through a carefully orchestrated share buyback initiative. Covering the period from December 18 to December 23, 2024, the company repurchased a total of 40,000 ordinary B shares. This initiative is a part of a broader strategic program aimed at enhancing financial stability and creating long-term value for investors. The move not only underscores Kambi’s robust financial health but also its commitment to optimizing its capital structure.

Aims of the Share Buyback Initiative

The buyback initiative was formally approved at an Extraordinary General Meeting on June 20, 2024, and it is guided by two primary objectives. First, it seeks to deliver added value to shareholders by reducing the overall number of shares available in the market. Second, it aims to provide the company’s Board of Directors with greater flexibility in managing Kambi’s capital structure. By aligning with these goals, the program reflects a strategic approach to financial management that benefits both the company and its investors.

Additionally, the initiative adheres strictly to the provisions of the Maltese Companies Act, the EU Market Abuse Regulation No. 596/2014 (MAR), and other relevant laws and guidelines. This ensures that the repurchase process is conducted transparently and in compliance with established regulatory standards.

Program Progress and Achievements

Since the program’s initiation on November 6, 2024, Kambi has made significant strides, repurchasing a total of 344,000 ordinary B shares at an average price of 104.94 SEK per share. These repurchases represent a substantial step toward the company’s goal of acquiring up to 3,127,830 shares as authorized under the program.

By repurchasing a portion of its outstanding shares, Kambi is taking a proactive approach to enhance its earnings per share (EPS) and improve shareholder value. This reduction in the total number of shares available on the market is a clear demonstration of the company’s confidence in its financial performance and growth prospects.

Performance During the Buyback Period

Between December 18 and December 23, 2024, Kambi achieved a significant milestone by repurchasing 40,000 shares at an average price of 99.13 SEK per share. These transactions represented a cumulative investment of approximately 3.96 million SEK. Below is a detailed summary of daily activities during the period:

Date	Daily Volume (Shares)	Average Price (SEK)	Total Value (SEK)
December 18, 2024	10,000	100.00	999,967
December 19, 2024	10,000	99.39	993,929
December 20, 2024	10,000	98.86	988,588
December 23, 2024	10,000	98.26	982,562

All repurchases during this timeframe were carried out on the Nasdaq First North Growth Market in Stockholm. The transactions were executed by Carnegie Investment Bank AB, ensuring precision and adherence to regulatory guidelines.

Strategic Implications of the Buyback Program

The share buyback initiative reflects Kambi’s commitment to maintaining financial agility and optimizing its capital allocation. By investing in its own shares, the company is signaling confidence in its intrinsic value and future performance. This strategy also helps to improve key financial ratios, including EPS and return on equity (ROE), making the company’s stock more attractive to both existing and potential investors.

Furthermore, the buyback program provides the company with the flexibility to adapt to evolving market conditions. Whether responding to shifts in investor sentiment or capitalizing on favorable market dynamics, Kambi’s approach ensures it remains well-positioned to achieve its strategic goals.

Transparency and Governance

Transparency remains at the heart of Kambi’s buyback initiative. The company’s commitment to openness is evident in its detailed reporting of daily transactions, including the volume of shares repurchased, average prices, and total transaction values. Stakeholders can access this information via Kambi’s official website, ensuring that all parties remain well-informed about the program’s progress.

This focus on transparency and compliance builds trust among investors and aligns with Kambi’s reputation for strong corporate governance. By adhering to the highest regulatory standards, the company reinforces its commitment to ethical and responsible business practices.

Long-Term Value Creation

Kambi’s share buyback initiative is more than a financial maneuver; it is a cornerstone of the company’s long-term strategy. By reducing the number of shares in circulation, the program aims to boost the value of remaining shares, thereby delivering tangible benefits to shareholders.

Additionally, the buyback provides Kambi with a strategic tool to manage excess capital efficiently. By reallocating resources in this manner, the company strengthens its balance sheet while maintaining the financial flexibility needed to pursue future growth opportunities.

Conclusion

Kambi Group’s ongoing share buyback program underscores its dedication to delivering value to shareholders while reinforcing its financial foundation. By aligning its capital management strategies with investor interests, Kambi demonstrates a commitment to excellence and a forward-looking approach to corporate finance. This initiative, carried out with precision and transparency, sets a high standard for financial stewardship within the sports betting technology sector.

FAQs

What is the purpose of Kambi’s share buyback program?
The program is designed to enhance shareholder value by reducing the number of outstanding shares and providing flexibility in capital management.

How does the buyback program benefit shareholders?
By decreasing the number of shares in circulation, the program increases earnings per share (EPS), thereby improving shareholder returns.

What regulations govern the program?
The initiative complies with the Maltese Companies Act, EU Market Abuse Regulation No. 596/2014 (MAR), and other relevant legal frameworks.

How many shares has Kambi repurchased to date?
As of December 23, 2024, Kambi has repurchased 344,000 ordinary B shares.

What is the maximum number of shares authorized for repurchase?
Kambi is authorized to repurchase up to 3,127,830 ordinary B shares under the program.

Who executes the repurchase transactions?
Carnegie Investment Bank AB conducts the transactions on behalf of Kambi.

Where are the repurchased shares traded?
All transactions are conducted on the Nasdaq First North Growth Market in Stockholm.

What is the total number of Kambi’s issued shares?
Kambi has a total of 29,903,619 issued ordinary B shares.

How can stakeholders access information about the buyback program?
Detailed information is available on Kambi’s website under the “Share Information” section.

What is the financial allocation for the program?
Kambi has allocated up to €12 million for the share buyback initiative.