The cancellation of the shares is intended to improve Kambi's capital position.
Press release.- Kambi Group has announced that it has completed the cancellation of 1,374,678 ordinary B shares. The shares were acquired as part of previous share buyback programs and the cancellation is in line with the intention to improve Kambi's capital position. The cancellation was approved by the shareholders at the Kambi Extraordinary General Meeting held on November 18, 2024.
Following the cancellation, the issued share capital of Kambi now stands at 89,711 euros and the total number of issued shares of Kambi is 29,903,619 ordinary B shares with a nominal value of 0.003 euros per share.
Kambi Group repurchased, between November 13 and November 19, a total of 50,000 ordinary B shares as part of its share buyback program, under the mandate approved at the Extraordinary General Meeting on June 20.
The aim of the Program is to achieve added value for Kambi's shareholders and to give the Board greater flexibility with Kambi's capital structure by reducing capital. The Program is being carried out in accordance with the Companies Act of Malta, EU Market Abuse Regulation No. 596/2014 ("MAR") and other applicable regulations.
During the Buyback Period, Kambi repurchased a total of 50,000 ordinary B shares at an average volume-weighted price of 105.43 SEK. Since the start of the Program, which began on November 6, until November 19, 2024 inclusive, Kambi has repurchased a total of 104,000 ordinary B shares at an average volume-weighted price of 108.77 SEK per share.
