Kambi Group Repurchases 50,000 Shares in Share Buyback Program
Kambi Group plc (Kambi) recently announced that it has repurchased 50,000 shares as part of its share buyback program. The buyback took place between March 4, 2024, and March 8, 2024, and was carried out in accordance with relevant regulations.
The primary goal of the buyback is to create value for Kambi’s shareholders and provide the company’s board with increased flexibility in terms of its capital structure.
During the specified period, Kambi repurchased the shares at an average price of 102.81SEK. Since the start of the program on December 5, 2023, Kambi has repurchased a total of 224,600 shares at an average price of 134.41SEK per share.
Here is a breakdown of the shares repurchased by Kambi between March 4 and March 8:
– March 4, 2024: 10,000 shares at an average price of 105.97SEK
– March 5, 2024: 10,000 shares at an average price of 103.20SEK
– March 6, 2024: 10,000 shares at an average price of 101.61SEK
– March 7, 2024: 10,000 shares at an average price of 101.21SEK
– March 8, 2024: 10,000 shares at an average price of 102.08SEK
All repurchases were conducted on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi.
As of March 8, 2024, Kambi held a total of 882,592 of its own shares, out of a total of 31,278,297 issued shares. The company is authorized to repurchase a maximum of 3,127,830 shares, up to a value of €2.8 million.
For more information on the buyback transactions, please visit the Nasdaq Stockholm website at [YouTube Video URL here], and you can also find details on Kambi’s website at [YouTube Video URL here].