Kambi Group CEO Kristian Nylén has sold 45,000 shares in the company with a majority of the proceeds of the sale being used to fully repay the company loan, including interest due, he had taken out to exercise options in March 2020.
Nylén remains a major long-term shareholder in Kambi. Following the transaction, Nylén owns 720,000 shares, corresponding to 2.3% of total shares in the Group.
Results published last week showed that Kambi expects revenue for the fourth quarter of 2020 to fall between €46.0m and €48.0m, meaning full-year revenue could rise 27.6% to €117.8m, despite the suspension of sports for much of the year.
Revenue for the quarter was up around 76% year-on-year, however expenses also rose to between €24.0m and €25.0m. The supplier said this was mostly due to the higher costs of stock options caused by the strong performance of Kambi shares.
Kambi’s share price increased 34.3% during Q4, ending the year at £35 per-share. Full-year earnings before interest and tax is expected to be between €31.0m and €34.0m.
Source: GMB / iGB