Kambi Group plc’s Capital Allocation Strategy
In accordance with its previously stated aim, Kambi Group plc’s Board of Directors today announced its capital allocation strategy: to return cash to shareholders through share buybacks while retaining sufficient capital for the Company’s operational requirements.
Maintaining A Minimum Cash Balance
The Company shall maintain a minimum cash level, which the Board will review on a monthly basis, taking into consideration the requirement to fund acquisitions as they occur. Maintaining this balance will provide Kambi with the flexibility to meet its working capital needs while also setting aside an acceptable operational reserve for unexpected events. Any cash resources that exceed this minimal cash balance will be refunded to shareholders.
Upcoming Extraordinary General Meeting
As part of the strategy, the notice for the next Extraordinary General Meeting includes a resolution requesting the authorization to acquire up to 10% of the total shares in the Company.
Cash Resource Management
The approach to shareholder capital return and operational finance seeks to achieve a balance between generating shareholder value and maintaining the Company’s financial health. Kambi Group plc is preparing for long-term sustainability in a volatile market environment by setting aside a reserve for uncertainties and prospective acquisitions.
Shareholders can expect the Board of Directors to be transparent and proactive in its capital allocation decisions and financial performance. The strategy emphasis on both short-term returns and future growth potential demonstrates Kambi’s dedication to increasing shareholder value while effectively managing operational risks.
The pledge to return excess cash to shareholders demonstrates Kambi Group plc’s commitment to building value and providing sustainable returns to its investors. With a defined capital allocation plan in place, the company is well-positioned to navigate market obstacles and capitalise on growth possibilities in the sports betting and gaming industries.