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Kambi Group’s Share Buyback Analysis

Kambi Group's Share Buyback Analysis
by
December 27, 2023
in Finance News, iGaming News
263

In financial markets, companies employ various strategies to enhance shareholder value and optimize their capital structure. One such approach is the implementation of share buyback programs. Kambi Group plc, a prominent player in the industry, recently undertook a share buyback initiative within the framework approved at the Extraordinary General Meeting held on 19 June 2023.

Understanding the Share Buyback Program

Objectives

The primary objectives of Kambi’s share buyback program are twofold: to generate added value for its shareholders and to provide the Board with increased flexibility in managing the company’s capital structure.

Regulatory Compliance

The execution of the program adhered to the guidelines outlined in the Maltese Companies Act and other relevant regulations governing such financial activities.

Analyzing the Repurchase Details

From 19 December 2023 to 25 December 2023, Kambi repurchased a total of 8,600 shares as part of the ongoing program. The transactions were conducted on the Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB, acting on behalf of Kambi.

Financial Metrics

The shares were repurchased at a volume-weighted average price of 164.13 SEK during the specified period. Since the program’s commencement on 5 December, a total of 71,600 shares have been acquired at a volume-weighted average price of 160.59 SEK per share.

Daily Breakdown

A detailed breakdown of the share repurchases during 19 December 2023 to 25 December 2023 is as follows:

19 December 2023: 2,000 shares at a weighted average price of 162.38 SEK, with a total daily transaction value of 324,751 SEK.
20 December 2023: 600 shares at a weighted average price of 164.92 SEK, totaling 98,953 SEK.
21 December 2023: 3,000 shares at a weighted average price of 163.90 SEK, amounting to 491,714 SEK.
22 December 2023: 3,000 shares at a weighted average price of 165.36 SEK, with a total daily transaction value of 496,068 SEK.

Current Shareholding Status

As of 25 December 2023, Kambi holds a total of 729,592 of its own shares. This figure represents a fraction of the total issued shares in Kambi, which stands at 31,278,297.

Program Limits and Financial Scope

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

Frequently Asked Questions (FAQ)

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

How is the share buyback program regulated?
The program is executed in compliance with the Maltese Companies Act and other relevant financial regulations.

Who handles the share repurchases on behalf of Kambi?
Carnegie Investment Bank AB conducts the transactions on Nasdaq First North Growth Market in Stockholm.

What is the average price at which shares were repurchased during the specified period?
The volume-weighted average price during the period was 164.13 SEK.

How many shares has Kambi repurchased since the program’s commencement?
A total of 71,600 shares have been repurchased since 5 December.

What is the daily breakdown of share repurchases from 19 December to 25 December 2023?
The detailed breakdown includes the number of shares, weighted average price, and total daily transaction value for each day.

What is Kambi’s current holding of its own shares?
As of 25 December 2023, Kambi holds 729,592 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.

Is there a limit to the share buyback program?
Yes, the program has a maximum limit of 3,127,830 shares, with a financial cap of €2.8 million.

When did the share buyback program commence?
The program commenced on 5 December.

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