Malta, 12 March 2020
Kristian Nylén exercises 300,000 share options issued in 2013 and shall retain all resulting shares
Kambi Group plc CEO Kristian Nylén has exercised the 300,000 share options issued to him in 2013 and shall retain all the resulting shares.
Kambi Group plc welcomes the CEO’s decision to exercise the options and retain the shares, as well as the subsequent reduction in uncertainty related to the future social security costs for the Group.
In order to pay the option price and income tax, Nylén has taken a loan of approximately 1.2m GBP from a subsidiary of Kambi Group plc. The repayment period is three years, with the loan subject to a market standard interest rate and a lock-in commitment, which acts to secure retention of the shares during this period.
For further information, please contact:
Head of Investor Relations
Mobile: +44 (0)7850 910 933
Kambi is a provider of premium sports betting services to licensed B2C gaming operators. Kambi Group plc is listed on First North Growth Market at Nasdaq Stockholm. Our services encompass a broad offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi’s 20-plus customers include 888 Holdings, ATG, DraftKings, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Mohegan Gaming & Entertainment, Penn National Gaming, Rank Group and Rush Street Interactive. Kambi employs more than 850 staff across offices in Malta (headquarters), Australia, Romania, the UK, Philippines, Sweden, Australia and the United States.
Kambi utilises a best of breed security approach and is ISO 27001and 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.
Tel: +46 (0)8 121 576 90
Disclaimer: The information in this press release is such that Kambi Group plc is required to disclose under the EU Directive of Market Abuse Regulation.
The information in this report was sent for publication on 12 March 2020 at 19:30 CET by CEO Kristian Nylén.