Kambi Group has announced the completion of the cancellation of 1,374,678 ordinary B shares.
The shares were acquired under previous share buyback programmes and the cancellation of the shares is in line with the intention to improve Kambi’s capital position. The cancellation was approved by shareholders at Kambi’s extraordinary general meeting on 18 November 2024.
Following the cancellation, Kambi’s issued share capital now amounts to EUR 89,711 and the total number of Kambi shares in issue is 29,903,619 ordinary B shares with a par value of EUR 0.003 per share.
Kambi Group repurchased a total of 50,000 ordinary B shares under its share buyback programme between 13 and 19 November, within the mandate approved at the extraordinary general meeting on 20 June.
The objective of the Programme is to achieve added value for Kambi shareholders and to provide the Board with greater flexibility in relation to Kambi’s capital structure through a capital reduction. The Programme is implemented in accordance with the Maltese Companies Act, the EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
During the Buy-Back Period, Kambi repurchased a total of 50,000 ordinary B shares at a volume-weighted average price of SEK 105.43 (USD 9.62). From the commencement of the Programme, which commenced on 6 November, up to and including 19 November 2024, Kambi has repurchased a total of 104,000 ordinary B shares at a volume-weighted average price of SEK 108.77 (USD 9.92) per share.
All acquisitions were made on the Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 19 November, Kambi’s total treasury shares amounted to 1,478,678 and the total number of Kambi shares in issue amounted to 31,278,297 ordinary B shares. Under the Programme, Kambi has the right to buy back a maximum of 3,127,830 ordinary B shares for a maximum amount of EUR 12.0 million (USD 12,597,960).
