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Kambi Group’s Dynamic Buyback Strategy

Kambi Group's Dynamic Buyback Strategy
by
January 2, 2024
in Finance News, iGaming News
229

To enhance shareholder value and fortify its capital structure, Kambi Group plc executed a share buyback program between December 26, 2023, and January 1, 2024. This initiative falls in line with the mandate approved during the Extraordinary General Meeting on June 19, 2023. The aim is to provide added benefits to Kambi’s shareholders while affording the Board greater flexibility in managing the company’s capital.

Share Repurchase Details

Overall Overview

During the specified period, Kambi successfully repurchased 9,000 shares, with a focus on achieving optimal results for its shareholders. The entire buyback process adhered to the regulations outlined in the Maltese Companies Act and other relevant rules governing such transactions.

Financial Metrics

The shares were repurchased at a volume-weighted average price of 166.71 SEK. This strategic move is part of a larger buyback program that commenced on December 5, 2023. From the program’s initiation until January 1, 2024, Kambi has repurchased a total of 80,600 shares, maintaining a volume-weighted average price of 161.27 SEK per share.

Detailed Analysis of Repurchases

Daily Breakdown

The meticulous execution of the share repurchase program is evident in the daily breakdown of acquisitions:

27 December 2023: 3,000 shares were acquired at a weighted average share price of 166.39 SEK, resulting in a total daily transaction value of 499,180 SEK.
28 December 2023: Another 3,000 shares were acquired at a slightly increased weighted average share price of 167.40 SEK, with the total daily transaction value reaching 502,210 SEK.
29 December 2023: The final 3,000 shares were acquired at a weighted average share price of 166.33 SEK, totaling 499,000 SEK in daily transaction value.

Market Transactions

All acquisitions were executed on the Nasdaq First North Growth Market in Stockholm, facilitated by Carnegie Investment Bank AB on behalf of Kambi. As of January 1, 2024, Kambi holds a total of 738,592 of its own shares, and the overall issued shares in Kambi stand at 31,278,297.

Program Limits

The share buyback program has a predefined limit, allowing Kambi to repurchase a maximum of 3,127,830 shares at a cap of €2.8 million.

Transparency and Accessibility

For comprehensive details on all transactions carried out under the buyback program, interested parties can refer to Nasdaq Stockholm’s website. Additionally, information regarding the buybacks is available on Kambi’s official website.

Frequently Asked Questions (FAQ)

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

How many shares were repurchased during the specified period?
Kambi successfully repurchased a total of 9,000 shares between December 26, 2023, and January 1, 2024.

What is the volume-weighted average price at which the shares were repurchased?
The shares were repurchased at a volume-weighted average price of 166.71 SEK.

When did the share buyback program commence, and what is the total number of shares repurchased to date?
The program began on December 5, 2023, and as of January 1, 2024, Kambi has repurchased 80,600 shares.

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

What is Kambi’s current holding of its own shares?
As of January 1, 2024, Kambi holds 738,592 of its own shares.

How many shares can Kambi repurchase under the buyback program, and is there a monetary limit?
The program allows Kambi to repurchase a maximum of 3,127,830 shares with a cap of €2.8 million.

Where can I find detailed information on all transactions carried out under the buyback program?
For detailed information, refer to Nasdaq Stockholm’s website.

Is information on the buybacks available on Kambi’s official website?
Yes, information regarding the buybacks is available on Kambi’s official website.

How transparent is Kambi Group in its share repurchase activities?
Kambi Group maintains a high level of transparency, providing comprehensive details on all transactions to ensure stakeholders are well-informed.

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