In line with its recently stated intention, the Board of Directors of Kambi Group plc today announces its capital allocation strategy: to return capital to shareholders through share buybacks while ensuring sufficient funds for the Company’s operational needs.
The Company will maintain a minimum cash balance, which the Board will review regularly, considering the necessity to fund acquisitions as they arise. This balance will provide the flexibility needed to meet Kambi’s working capital requirements and to establish an adequate operating reserve for unforeseen events. Any cash resources exceeding this minimum balance will be returned to shareholders.
As part of this strategy, the notice for the upcoming Extraordinary General Meeting includes a resolution to authorize the acquisition of up to 10% of the Company’s total shares.
Kambi is a leading provider of sports betting technology and services. With data-driven sportsbook core and flexible technology, the provider acts as an incubator for operator innovation and different…
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