Published
OnlineFinancial

Kindred repurchases 704,000 shares as part of buy-back program

Kindred Group has repurchased a total of 704,000 shares as part of the buy-back program initiated by the board of directors, with the purpose to return excess cash to the company’s shareholders.

kindred shares

The repurchasing of the shares took place during the period of 1 March until 5 March 2021, after Kindred had initially announced the buy-back program on 26 February 2021.

The acquisitions were completed by Nordea Bank Abp on behalf of Kindred, with the buy-back program carried out in accordance with the EU Commission’s delegated Regulation No 2016/1052, EU Market Abuse Regulation No 596/2014, the Maltese Companies Act, and the applicable rules of Nasdaq’s Nordic Main Market Rulebook for Issuers of Shares.

Kindred repurchased a total of 200,000 shares on 1 March, followed by 400,000 and 40,000 shares on 2 March and 3 March respectively. And the company repurchased 32,000 shares each on 4 and 5 March.

Following the acquisitions, Kindred’s holding of own shares amounted to 3,675,358 as of 5 March. 

A maximum of 2,000,000 shares can be repurchased within the frame of the buy-back program, while the total share repurchases are not allowed to exceed SEK 190m ($22.1m).

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...