Kambi completes share buyback programme started in 2023


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Kambi completes share buyback programme started in 2023

Kambi Group successfully concluded its share repurchase initiative, which commenced on December 5, 2023, under the mandate sanctioned during the Extraordinary General Meeting on June 19, 2023.

In a press release dated March 11, 2024, Kambi disclosed the repurchase of 13,000 shares at an average volume-weighted price of 99.91 SEK, totaling 1,298,824 SEK. From the program’s inception until March 11, 2024, Kambi repurchased a cumulative 237,600 shares at an average volume-weighted price of 132.52 SEK per share.

The primary aim of the buyback was to enhance shareholder value for Kambi and provide the Board with greater flexibility concerning the company’s capital structure.

The buyback initiative, announced on December 5, 2023, has now reached completion, adhering to the Maltese Companies Act and relevant regulations.

All purchases were executed on the Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB acting on behalf of Kambi. As of March 11, 2024, Kambi held 895,592 of its own shares, out of a total of 31,278,297 issued shares.

Kambi is a leading provider of sports betting technology and services. With data-driven sportsbook core and flexible technology, the provider acts as an incubator for operator innovation and different...

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