GAN repurchases 1m in common shares
GAN has confirmed the repurchase of 303,000 shares on the open market, under its share repurchase authorisation
GAN has confirmed the repurchase of 303,000 shares on the opened market, below its apportion repurchase authorisation.
The ordinary cost per divvy up was $3.30, with the sum coming to or so $1m. The electric current authorisation expires on 30 November 2022, with roughly $4m remaining.
Cash on manus and hard cash from trading operations will live used to purchase any additional shares below the electric current authorisation, with any repurchased shares to live returned to the exchequer for cancellation. Share prices will hold fast to rife marketplace prices at the clip of acquisition, depicted object to sure limitations.
Management, unitedly with the board, testament find out the manner, timing and list of shares repurchased under authorisation, with common deal market place price, economical conditions and alternative investiture opportunities taken into consideration.
The authorisation does non require the troupe to acquire a specific identification number of shares, and that GAN may suspend or terminate repurchases at any time.
The GAN plank approved an prolongation of the authorisation inward June 2022, which was originally localise to expire on 31 May 2022.
GAN supplies B2B play software package to the US cassino industry, as good as operates proprietary online sports betting technology in European and Latin American markets.