Kambi completes the buyback of 381,476 shares (1)
Kambi completes the buyback of 381,476 shares

Kambi completed its share buyback program that ends on May 30, 2023, within the mandate approved at the Extraordinary General Meeting of June 30, 2022.

The purpose of the buyback was to achieve added value for the betting company’s shareholders and to give the Board of Directors greater flexibility with the capital structure, for example as consideration for an acquisition or through the exercise of stock options by employees under Stock Option Plans.

The buyback program, which the company announced on May 3, 2023, is now complete and has been executed in accordance with the Maltese Companies Act and other applicable rules. From program inception to program end, Kambi repurchased a total of 381,476 shares at a volume-weighted average price of SEK 213.64 per share. In total, a maximum of 3,106,480 shares were allowed to be repurchased, for a maximum amount of 7.2 million euros.

During the period from May 24, 2023 to May 30, 2023, Kambi shares were repurchased as follows:

All acquisitions were made on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. After the acquisitions and as of May 30, 2023, the company’s ownership interest is 904,976 and the total number of shares issued is 31,278,297.

About Kambi

Kambi is a leading provider of premium sports betting technology and services to the global betting and gaming industry. Today, the company has headquarters in Malta and offices in Australia, the Philippines, Romania, Sweden, the United Kingdom and the United States.

A trusted partner of over 25 operators across six continents, the company not only delivers a first-class betting experience, but also spurs industry innovation due to its data-driven betting core and state-of-the-art technology.