Kambi Group Cancels Shares to Enhance Capital Structure

Kambi Group, a leader in sports betting technology, takes a bold step to optimize its capital structure.
By canceling 1.37 million shares and continuing its buyback program, Kambi enhances shareholder value and financial flexibility.
These actions reflect a strategic commitment to robust financial health and long-term shareholder confidence.
Discover how Kambi’s capital strategies are driving growth and resilience in today’s competitive market.

Kambi Group Strengthens Financial Position with Share Cancellation and Buyback Program

Key Points

1. Kambi cancels 1.37 million shares to improve its capital position, reducing its issued share capital.
2. The ongoing buyback program underscores a commitment to enhancing shareholder value and financial flexibility.
3. Kambi aligns its strategies with EU Market Abuse Regulations and the Maltese Companies Act.

Kambi Group, a global leader in sports betting solutions, has announced the cancellation of 1,374,678 ordinary B shares, marking a significant milestone in its capital optimization strategy. These shares were repurchased as part of the company’s ongoing share buyback program, a move aimed at boosting shareholder value and enhancing financial flexibility.

The cancellation was approved by shareholders during Kambi’s Extraordinary General Meeting on November 18, 2024. Following the cancellation, Kambi’s issued share capital now stands at €89,711, with a total of 29,903,619 ordinary B shares, each with a nominal value of €0.003.

Strategic Capital Optimization

The share cancellation aligns with Kambi’s objective to strengthen its capital structure and reduce issued capital. This move underscores Kambi’s dedication to delivering long-term value to its shareholders. It also complements the company’s broader financial strategy, focusing on resilience and market leadership.

In parallel, Kambi’s ongoing share buyback program has demonstrated the company’s proactive approach to capital management. Between November 13 and 19, Kambi repurchased 50,000 ordinary B shares at an average price of 105.43 SEK per share. Since the program’s inception on November 6, 2024, Kambi has acquired a total of 104,000 shares at an average price of 108.77 SEK.

Compliance and Transparency

Kambi conducts its share buybacks in strict compliance with the EU Market Abuse Regulation (MAR) and the Maltese Companies Act. The acquisitions are executed on the Nasdaq First North Growth Market in Stockholm, facilitated by Carnegie Investment Bank AB.

Kambi is authorized to repurchase a maximum of 3,127,830 ordinary B shares, with a total allocation of €12.0 million for the program. As of November 19, 2024, Kambi’s treasury shares amounted to 1,478,678, reflecting the company’s commitment to transparency and regulatory adherence.

Enhancing Shareholder Value

The share buyback program is designed to achieve added value for Kambi’s shareholders by reducing the company’s issued capital. By doing so, Kambi enhances earnings per share and strengthens its position in the competitive market.

Kambi’s leadership views these initiatives as critical steps toward ensuring long-term financial health and market agility. The buyback program not only provides flexibility for future investments but also reassures shareholders of the company’s commitment to driving returns.

Kambi’s Role in the Market

As a prominent provider of sports betting technology, Kambi has consistently demonstrated its ability to adapt to market demands. By aligning its financial strategies with operational excellence, the company reinforces its leadership position in the iGaming industry.

Kambi’s robust capital structure enables it to remain agile in a dynamic market, ensuring it can seize growth opportunities while maintaining financial stability.

Kambi Group’s recent share cancellation and continued buyback efforts highlight its dedication to optimizing its capital structure and enhancing shareholder confidence. These actions, backed by regulatory compliance and strategic foresight, position Kambi for sustained growth in an increasingly competitive landscape.

By prioritizing financial flexibility and shareholder value, Kambi not only strengthens its market standing but also builds trust with investors. As the company continues to innovate in the sports betting sector, its capital strategies will remain a cornerstone of its success.