Kambi details share buyback progress as 92,500 repurchased

Kambi details share buyback progress as 92,500 repurchased

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
May 21, 2023 3:22 PM

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.

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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”.