Kambi Group plc Completes Share Buyback Program
On March 11, 2024, Kambi completed a share buyback program by repurchasing a total of 13,000 shares. The shares were bought at an average price of 99.91 SEK, resulting in a transaction value of 1,298,824 SEK. Since the program began on December 5, 2023, Kambi has repurchased a total of 237,600 shares at an average price of 132.52 SEK per share.
Objective of the Buyback
The main objective of the buyback program was to provide additional value for Kambi’s shareholders and to increase the Board’s flexibility with the company’s capital structure. The buyback program, which was announced on December 5, 2023, has now been successfully completed. The entire process was conducted in accordance with the Maltese Companies Act and other applicable regulations.
Acquisitions on Nasdaq First North Growth Market
All of the share repurchases were executed on the Nasdaq First North Growth Market in Stockholm. Carnegie Investment Bank AB carried out the acquisitions on behalf of Kambi. As of March 11, 2024, Kambi holds a total of 895,592 of its own shares. The company currently has a total of 31,278,297 shares in circulation.
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