The Board of Kambi Group plc has decided to exercise the buyback mandate which was received at the Extraordinary General Meeting on 18 June 2025 to initiate two buyback programmes with a total value of SEK 165 million (€15m) which will run consecutively until 21 November 2025.

In line with its capital allocation strategy, announced on 23 May 2024, the board of directors (Board) of Kambi Group plc (Kambi) has today initiated share repurchase programmes with a total value of SEK 165 million (€15m), its largest aggregated share repurchase programme to date. 

Empowered by a mandate received at Kambi’s Extraordinary General Meeting on 18 June 2025 (EGM), the share repurchases will take place via two consecutive buyback programmes. Under the Safe Harbour Regulation, the specific purpose of each programme must be defined, hence the need to initiate two separate programmes.
The aggregate number of shares that may be acquired through these programmes is 2,990,362, which is equivalent to 10% of Kambi’s total issued shares at the time of the EGM resolution. 

The first programme will run from the date of this announcement until 15 August 2025 and shares acquired will be used to satisfy Kambi’s future obligations arising from its employee share option programmes. The maximum number of shares that may be acquired is 996,787, and the aggregate purchase price for such acquisitions shall not exceed SEK 55 million (€5m). These shares are to be held as treasury shares until the future exercise of employee share options. 

The second programme will run from 18 August to 21 November 2025 and shares acquired will be cancelled at a future date. The maximum number of shares that may be acquired is 1,993,575, and the aggregate purchase price for such acquisitions shall not exceed SEK 110 million (€10m). 

Both buyback programmes will be carried out in accordance with the Maltese Companies Act (chapter 386 of the laws of Malta), the Nasdaq First North Growth Market Rulebook for Issuers of Shares, the EU Market Abuse Regulation (EU No 596/2014) (MAR), and Commission Delegated Regulation (EU) 2016/1052 (the Safe Harbour Regulation). Both share buyback programmes are intended to benefit from the share buyback safe harbour provisions set out in MAR.  
To this end Kambi has entered into an agreement with Carnegie Investment Bank AB (Carnegie) to execute the buyback programmes and conduct the share repurchases on Kambi’s behalf. 

The acquisition of shares for each programme shall take place on one or several occasions on Nasdaq First North Growth market in Stockholm (Nasdaq First North) and Carnegie will make its trading decisions in relation to Kambi’s shares independently of and without influence by Kambi. 

Each programme will be effected in compliance with the trading conditions set out in article 3 of the Safe Harbour Regulation. In particular, Kambi shall not, on any single trading day, purchase more than 25% of the average daily share turnover on Nasdaq First North. The average daily share turnover is calculated on the basis of the average daily trading volume during the twenty trading days preceding the respective purchase date. In addition, share repurchases under each programme shall: 

1. not be made at a price higher than the price of the last independent trade or (should this be higher) higher than the current highest independent purchase bid on Nasdaq First North, 
2. be made at a price per share within the price interval recorded on Nasdaq First North at any given time, i.e. the interval between the highest buying price and the lowest selling price, and 
3. not exceed or fall below the maximum and minimum ranges set out in the EGM resolution. 

Payments for the shares are to be made in cash. 

At the time of this announcement, the total number of issued shares in Kambi is 29,903,619. Kambi currently holds 1,276,200 of its own shares from prior buyback programmes which will be cancelled at a future date. Information on completed buybacks will be publicly disclosed in accordance with Safe Harbour Regulation and will also be available on the company’s website, www.kambi.com. 

For further information, please contact:

Mattias Frithiof
SVP Investor Relations & Sustainability
Mattias.Frithiof@kambi.com
Mobile: +46 73-599 45 77

About Kambi

Kambi Group is the home of premium sports betting services for licensed B2C gaming operators. Kambi’s portfolio of market-leading products include Turnkey Sportsbook, Odds Feed+, Managed Trading, Bet Builder, Esports, Front End and Sportsbook Platform. Kambi Group also operates esports data and odds supplier Abios, front end technology experts Shape Games and cutting-edge AI trading division Tzeract. Kambi Group’s partners include ATG, Bally’s Corporation, Corredor Empresarial, Kindred Group, LeoVegas, LiveScore, Rush Street Interactive and Svenska Spel. Kambi Group employs more than 1,000 staff across offices in Malta (headquarters), Australia, Denmark, Philippines, Romania, Sweden, the UK and the United States.

Kambi utilises a best of breed security approach and is ISO 27001 and eCOGRA certified. Kambi Group plc is listed on Nasdaq First North Growth Market under the symbol "KAMBI".

The Company's Certified Advisor is Redeye AB.

This information is information that Kambi Group plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-06-18 18:21 CEST.

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Kambi initiates share repurchase programmes with an aggregate value of SEK 165 million (€15m)

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