Kambi repurchases 106,976 shares in buyback programme
| By Marese O'Hagan
Kambi repurchased a total of 106,976 shares between 3 May and 9 May as part of its share buyback programme, at an average price of SEK199.04 (£15.42/€17.77) per share.
The programme was approved at Kambi’s extraordinary general meeting on 30 June 2022.
The company said that the buyback was occurring to gain capital for its shareholders and to give its board flexibility in regards to the company’s capital structure.
All share acquisitions took place on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB, on Kambi’s behalf.
As of 9 May, the operator held 630,476 of its own shares. The total number of issued shares is 31,278,297.
A maximum of 3,106,480 shares can be repurchased under the programme, to a maximum of €7.2m.
Last month, Kambi reported revenue of €44m for the first quarter of 2023.