The share buyback programme initiated by Kambi following the repayment of its convertible bond to Kindred Group is progressing well, according to an update from the firm.
Issuing an update this morning, the Stockholm-listed explained that between 10-16 May a total of 92,500 of its own shares at a volume weighted average price of SEK 212.75 [$20.18].
The total number of shares purchased since the buyback initiative began on 3 May after Kambi’s Extraordinary General Meeting now stands at 199,476, purchased at weighted average of SEK 205.39 [$19.49].
Kambi added that the primary objective of the share buyback scheme is to “achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure”.