Date: 20.05.2024

by Adam Dworak

Kambi Group Completes Share Buyback Programme

Kambi Group has successfully concluded its share buyback programme, which commenced on 18 March 2024 under a mandate approved at the Extraordinary General Meeting on 19 June 2023.

During the buyback period from 13 May to 17 May 2024, Kambi repurchased a total of 92,000 ordinary B shares at a volume-weighted average price of 104.89 SEK as part of the programme. Since the programme’s inception on 18 March, Kambi has bought back 479,086 ordinary B shares at a volume-weighted average price of 96.49 SEK per share.

The objective of the programme was to provide added value for Kambi’s shareholders and to give the Board increased flexibility with Kambi’s capital structure by reducing the capital.

Regulatory Compliance

The programme was carried out in compliance with the Maltese Companies Act, the EU Market Abuse Regulation No 596/2014 (“MAR”), and Commission Delegated Regulation (EU) No 2016/1052 (“Safe Harbour Regulation”), among other applicable rules.

Acquisition and Market Details

All acquisitions were conducted on the Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following these acquisitions, as of 17 May 2024, Kambi’s holding of its own shares totaled 1,374,678 ordinary B shares. The total number of issued shares in Kambi is 31,278,297 ordinary B shares. Under the programme, Kambi was authorized to repurchase up to 3,127,830 ordinary B shares, with a maximum total amount of €4.0 million.

Strategic Goals

The primary aim of the buyback programme was to enhance shareholder value and provide the company with greater flexibility in managing its capital structure. By reducing the number of shares outstanding, Kambi seeks to increase earnings per share and return on equity, potentially leading to a higher share price over time.

Market Impact and Future Outlook

The completion of the buyback programme marks a significant step for Kambi in its ongoing efforts to optimize its capital structure and deliver value to its shareholders. This strategic move is expected to bolster investor confidence and support the company’s long-term growth objectives.