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Kambi Group plc initiates new share repurchase programme

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The Board of Directors of Kambi Group plc (“Kambi”) has, empowered by a mandate received at the Extraordinary General Meeting (EGM) on 19 June 2023, decided to initiate a new share buyback programme, following on from previous programmes undertaken since the EGM. The objective of the buyback programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital.

In addition, subject to shareholder approval at the 2024 Annual General Meeting on 21 May 2024, Kambi also intends to communicate a further longer-term strategic framework for share buybacks.

Anders Ström, Chair of the Board of Directors, said: “The Board’s primary responsibility is to generate value for Kambi’s shareholders. This commitment is reflected in our capital allocation priorities, which encompass our share buyback programmes designed to enhance shareholder value.”

Kambi has entered into an irrevocable agreement with Carnegie Investment Bank AB (Carnegie) to conduct the share repurchases on its behalf. The acquisition of shares shall take place on one or several occasions on Nasdaq First North Growth (“First North”) market in Stockholm and Carnegie will make its trading decisions in relation to Kambi’s shares independently of and without influence by Kambi. The share buyback programme will be carried out in accordance with the Maltese Companies Act, the EU Market Abuse Regulation No 596/2014 (“MAR”), Commission Delegated Regulation (EU) No 2016/1052 (“Safe Harbour Regulation”) and other applicable rules.

Share repurchases are to be made at a price per share within a defined range. Share repurchases are to be made at a price per share within the recorded price interval of First North at any given time, i.e. the interval between the highest buying price and the lowest selling price. Total share repurchases under the programme may not exceed €4.0 million. Payments for the shares are to be made in cash.

According to the EGM resolution, the maximum number of shares that may be acquired during this mandate is 3,127,830 which was equivalent to 10% of total shares in the Company at that time. The Company’s authority to buyback shares will expire at the annual general meeting to be held on 21 May 2024. Acquisitions can be made as of today, 18 March 2024.

At the time of this announcement, the total number of issued shares in Kambi Group is 31,278,297. Kambi currently holds 895,592 of its own shares from prior repurchase programmes.

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Digitain Wins Sportsbook Platform Supplier Award at The EGR B2B Awards

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Digitain, a global leader in Sportsbook and iGaming solutions for over 20 years, has won the coveted industry accolade of Gold Award for Sportsbook Supplier of the Year at the EGR B2B Awards recently held in London.

Iain Hutchison, Digitain’s Chief Revenue Officer, expressed his delight on behalf of Digitain and its whole team: “We are humbled by this recognition and industry award. Our entire teams all work tirelessly to deliver and equip our partner operators with the best sportsbook platform solutions and customer experience.

Our unwavering commitment to the highest quality and customer experience levels is at the core of our operations. We are dedicated to ensuring our partners thrive in today’s digital betting marketplace with our robust, scalable, and regulatory-approved solutions. We are excited to continue serving the needs of our partners, both now and in the future, with the same level of dedication and commitment.”

 

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Oddin.gg Secures Exclusive Esports Data & Integrity Partnership With YaLLa Esports

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Following on several major partnerships in 2024, Oddin.gg solidifies its global presence in the official esports data landscape with a multi-year partnership with YaLLa Esports, a leading esports media company and tournament organizer based in the United Arab Emirates.

Established in 2016, YaLLa esports has emerged as a significant force in the Middle East esports scene. As a team of former gamers, they have deep insight into the hearts and minds of esports fans, therefore their success does not come up as a surprise. Their inaugural Compass event in Abu Dhabi, which recently concluded, was a resounding success.

We have every reason to believe that their upcoming editions starting this July will produce even better results, and that their CS2 events in the coming years are only going to further bolster their position as leaders in the region.

This deal represents another Oddin.gg’s step forward in integrating server data directly into the full suite of betting services, offering clear benefits to all stakeholders in the sector. The partnership is in line with Oddin.gg’s commitment to support the esports ecosystem by offering sustainable revenue streams.

Marek Suchar, Co-founder and Managing Director at Oddin.gg has the following to say about the partnership: “I’m thrilled to welcome YaLLa Esports to our growing list of partners. The achievements of Klaus and Teemu and their team in the region over the recent years are truly remarkable, and I’m honored that Oddin.gg can contribute to their continued success. I am sure that a collaboration of two companies with such great passion for esports will not only deliver new engaging products, but also be nothing short of a big boost to the esports industry in the region.”

“I’m personally thrilled about this long-term partnership as both Oddin and Compass are cutting-edge brands with innovation at their core, pushing the space forward by always looking for the next big thing when it comes to fan experiences,” said Klaus Kajetski, Founder of YaLLa Esports; sharing his perspective on the collaboration.

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Galaxsys promotes Head of Sales

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Galaxsys is proud to announce the promotion of Teni Grigoryan, a seasoned professional with a proven track record in sales and partnership management, to the expanded role of Chief Sales and Partner Management Officer.

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Galaxsys, an innovative games studio known for its high-energy, quick-win games with a unique twist, is delighted to confirm Teni Grigoryan’s promotion to the expanded role of Chief Sales and Partner Management Officer.

Hayk Sargsyan, Chief Executive Officer of Galaxsys, praised Teni Grigoryan’s exceptional contributions, stating, “Teni’s leadership as Head of Sales has been instrumental in our expansion across multiple regulated markets in Europe, Latin America, and North America. Her promotion to Chief Sales and Partner Management Officer was a natural progression, given our 150+ partners, from tier 1 operators to aggregators and more. Our outstanding growth in Q1 & Q2 is a testament to her capabilities, and as our business continues to flourish, Teni is the perfect team member to ensure we deliver best-in-class partnership support for our customers.”

Teni Grigoryan, now the Chief Sales and Partner Management Officer, shared her enthusiasm for the new role and the company’s future, saying, “I’m really looking forward to stepping into this new role where I’ll oversee both Sales and Partner Management departments and their strategy. My focus will be on ensuring a seamless process with our partners, from closing deals to project launch and beyond. Galaxsys has always prioritized strong partnerships, and my aim is to unify our strategy, goals, and motivation across both teams. I see these departments working hand in hand, like a single entity, to achieve our objectives together. I strongly believe that regardless of the product or service we deliver, it’s ultimately the quality of our relationships that determines success.

We’ve grown a lot and expanded into regulated markets across different regions, gaining industry recognition. Now, we’re focused on improving our services even more to meet the high standards demanded in these markets.”

 

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