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Kambi Group Share Repurchase Program

Kambi Group Share Repurchase Program
by
December 13, 2023
in Finance News, iGaming News
246

In a move aimed at creating added value for its shareholders and fortifying its capital structure, Kambi Group plc has executed a share buyback program. The initiative, approved during an Extraordinary General Meeting on June 19, 2023, has been actively pursued from December 5, 2023, to December 11, 2023.

Objectives and Mandate Approval

The primary objectives of the share buyback program are to enhance value for Kambi´s shareholders and provide the Board with increased flexibility in managing Kambi´s capital structure. Mandated under the Maltese Companies Act and in adherence to relevant rules, the buyback program has seen a total of 53,000 shares repurchased during the specified period.

Share Repurchase Details and Analysis

Share Repurchase Volume and Pricing Strategy

From the program’s commencement on December 5 to its conclusion on December 11, Kambi has repurchased 53,000 shares at a volume-weighted average price of 160.05 SEK per share. This strategic approach ensures that the buyback aligns with the financial goals and market conditions of the organization.

Daily Transaction Breakdown

Breaking down the daily transactions during the period:

5 December 2023: 15,000 shares were repurchased at a weighted average price of 157.97 SEK, with a total transaction value of 2,369,600 SEK.
6 December 2023: 14,000 shares were repurchased at a weighted average price of 161.80 SEK, with a total transaction value of 2,265,266 SEK.
7 December 2023: Another 14,000 shares were repurchased at a weighted average price of 159.48 SEK, with a total transaction value of 2,232,689 SEK.
8 December 2023: The buyback continued with 10,000 shares repurchased at a weighted average price of 161.50 SEK, with a total transaction value of 1,614,991 SEK.

Execution on Nasdaq First North Growth Market

All acquisitions have been efficiently conducted on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. This ensures transparency and compliance with market regulations.

Current Holding and Future Projections

Following the strategic acquisitions, as of December 11, 2023, Kambi holds 710,992 of its own shares. It’s noteworthy that the total number of issued shares in Kambi is 31,278,297. This strategic move is expected to have a positive impact on the company’s overall capital structure and shareholder value.

Program Limits and Monitoring

The share buyback program has a predefined limit, with a maximum of 3,127,830 shares to be repurchased, amounting to a maximum financial commitment of €2.8 million. This calculated approach ensures that the buyback remains in line with financial prudence and market dynamics.

Transparent Reporting and Resources

For comprehensive information on all transactions carried out under the buyback program, interested stakeholders can refer to Nasdaq Stockholm’s website: Nasdaq Stockholm. Additionally, detailed information on the buybacks is available on Kambi’s official website: Kambi Share Information.

Conclusion: Shaping the Future of Kambi

In summary, Kambi Group plc’s share buyback program stands as a strategic move aimed at fortifying its financial standing and delivering enhanced value to shareholders. By adhering to regulatory frameworks and market dynamics, Kambi ensures transparency and responsible financial management.

FAQs

What is the primary objective of Kambi’s share buyback program?
The primary objective is to enhance value for Kambi´s shareholders and provide the Board with increased flexibility in managing Kambi´s capital structure.

How many shares have been repurchased during the specified period?
A total of 53,000 shares have been repurchased from December 5, 2023, to December 11, 2023.

What is the maximum financial commitment for the share buyback program?
The program has a maximum financial commitment of €2.8 million, allowing for the repurchase of up to 3,127,830 shares.

Where were the acquisitions executed?
All acquisitions were carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi.

How can stakeholders access detailed information on the buyback transactions?
Comprehensive information on all transactions is available on Nasdaq Stockholm’s website and Kambi’s official website.

What is the current holding of Kambi’s own shares?
As of December 11, 2023, Kambi holds 710,992 of its own shares.

What is the total number of issued shares in Kambi?
The total number of issued shares in Kambi is 31,278,297.

How does the share repurchase program contribute to Kambi’s capital structure?
The program is strategically designed to fortify Kambi’s capital structure, ensuring a balanced and sustainable financial position.

Are there any restrictions on the daily volume of shares that can be repurchased?
The daily volume varies, as evident from the breakdown of daily transactions, aligning with market conditions and financial considerations.

Why is transparency crucial in the execution of the share buyback program?
Transparency ensures accountability and builds trust among stakeholders, contributing to the overall integrity of the share repurchase process.

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