Kambi Group Launches EUR 2.8 Million Share Buyback Program

At the core of this initiative is Kambi's plan to repurchase shares worth EUR 2.8 million, roughly $3 million. The buyback, facilitated by Carnegie Investment Bank, provides Kambi's board with increased flexibility in managing the company's capital structure. The purchases will be executed on the Nasdaq First North Growth market in Stockholm.

Kambi emphasized that Carnegie Investment Bank will independently make trading decisions regarding the shares. However, the share buyback program is subject to the Maltese Companies Act and other relevant regulations. Under the current mandate, Kambi cannot spend more than EUR 2.8 million and is restricted to acquiring a maximum of 10% of its total share capital, which presently stands at 31,278,296 shares.

All share repurchases will be executed in cash, and the share price will fall within a defined range. The buyback program officially commences immediately, with detailed information on completed transactions available on Kambi's official website.

In recent weeks, Kambi reported a successful Q3, citing "landmark signings" that contributed to positive results. Additionally, Anders Ström was announced as the new board chair.