Kambi Group efficiently concluded its share repurchase initiative, which commenced on December 5, 2023, underneath the mandate sanctioned through the Extraordinary Basic Assembly on June 19, 2023.
In a press launch dated March 11, 2024, Kambi disclosed the repurchase of 13,000 shares at a mean volume-weighted value of 99.91 SEK, totaling 1,298,824 SEK. From this system’s inception till March 11, 2024, Kambi repurchased a cumulative 237,600 shares at a mean volume-weighted value of 132.52 SEK per share.
The first intention of the buyback was to reinforce shareholder worth for Kambi and supply the Board with better flexibility in regards to the firm’s capital construction.
The buyback initiative, introduced on December 5, 2023, has now reached completion, adhering to the Maltese Firms Act and related laws.
All purchases had been executed on the Nasdaq First North Development Market in Stockholm by Carnegie Funding Financial institution AB performing on behalf of Kambi. As of March 11, 2024, Kambi held 895,592 of its personal shares, out of a complete of 31,278,297 issued shares.
