Gaming AG真人官方ms PLC Announces Share Buyback Programme
Gaming AG真人官方ms (AIM:GMR) has announced a share buyback programme worth 拢6 million for ordinary shares of 0.1 pence each. The company, which develops and licenses mobile-focused gaming content, revealed a strong financial position with approximately 拢13.5 million in cash and zero debt as of December 31, 2024.
The buyback programme will commence immediately and continue until August 31, 2025, or until the company's AGM in May 2025, unless renewed. Peel Hunt LLP and Investec Bank Plc will execute the programme independently, with purchases occurring in open market transactions. The maximum authorized purchase is 29,477,644 ordinary shares, with a price cap of 105% of the average middle market quotations over five business days.
Gaming AG真人官方ms (AIM:GMR) ha annunciato un programma di riacquisto di azioni del valore di 6 milioni di sterline per azioni ordinarie di 0,1 pence ciascuna. L'azienda, che sviluppa e concede in licenza contenuti di gioco focalizzati sui dispositivi mobili, ha rivelato una solida posizione finanziaria con circa 13,5 milioni di sterline in contante e zero debito al 31 dicembre 2024.
Il programma di riacquisto inizier脿 immediatamente e continuer脿 fino al 31 agosto 2025, o fino all'assemblea generale dell'azienda a maggio 2025, a meno che non venga rinnovato. Peel Hunt LLP e Investec Bank Plc eseguiranno il programma in modo indipendente, con acquisti che avverranno in transazioni sul mercato aperto. L'acquisto massimo autorizzato 猫 di 29.477.644 azioni ordinarie, con un limite di prezzo del 105% delle quotazioni medie di mercato negli ultimi cinque giorni lavorativi.
Gaming AG真人官方ms (AIM:GMR) ha anunciado un programa de recompra de acciones por un valor de 6 millones de libras para acciones ordinarias de 0,1 peniques cada una. La empresa, que desarrolla y licencia contenido de juegos enfocado en dispositivos m贸viles, revel贸 una s贸lida posici贸n financiera con aproximadamente 13,5 millones de libras en efectivo y cero deudas al 31 de diciembre de 2024.
El programa de recompra comenzar谩 de inmediato y continuar谩 hasta el 31 de agosto de 2025, o hasta la junta general de la empresa en mayo de 2025, a menos que se renueve. Peel Hunt LLP e Investec Bank Plc ejecutar谩n el programa de manera independiente, con compras que se llevar谩n a cabo en transacciones de mercado abierto. La compra m谩xima autorizada es de 29.477.644 acciones ordinarias, con un l铆mite de precio del 105% de las cotizaciones medias del mercado durante los 煤ltimos cinco d铆as h谩biles.
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毵れ瀰 頂勲攴鸽灗鞚� 歃夓嫓 鞁滌瀾霅橃柎 2025雲� 8鞗� 31鞚缄箤歆� 瓿勳啀霅橁卑雮� 2025雲� 5鞗旍潣 欤检＜齑濏殞旯岇 歆勴枆霅橂┌, 鞐办灔霅橃 鞎婋姅 頃� 攴鸽寑搿� 鞙犾霅╇媹雼�. Peel Hunt LLP鞕� Investec Bank Plc電� 霃呺鞝侅溂搿� 頂勲攴鸽灗鞚� 鞁ろ枆頃橂┌, 毵れ瀰鞚� 瓿店皽 鞁滌灔 瓯半灅鞐愳劀 鞚措（鞏挫雼堧嫟. 斓滊寑 鞀轨澑 毵れ瀰霟夓潃 29,477,644 氤错喌欤检澊氅�, 臧�瓴� 頃滊弰電� 歆�雮� 5 鞓侅梾鞚� 霃欖晥鞚� 韽夑窢 欷戧皠 鞁滌灔 臧�瓴╈潣 105%鞛呺媹雼�.
Gaming AG真人官方ms (AIM:GMR) a annonc茅 un programme de rachat d'actions d'une valeur de 6 millions de livres pour des actions ordinaires de 0,1 pence chacune. L'entreprise, qui d茅veloppe et licence des contenus de jeux ax茅s sur le mobile, a r茅v茅l茅 une solide position financi猫re avec environ 13,5 millions de livres en liquidit茅s et aucune dette au 31 d茅cembre 2024.
Le programme de rachat commencera imm茅diatement et se poursuivra jusqu'au 31 ao没t 2025, ou jusqu'脿 l'assembl茅e g茅n茅rale de l'entreprise en mai 2025, 脿 moins qu'il ne soit renouvel茅. Peel Hunt LLP et Investec Bank Plc ex茅cuteront le programme de mani猫re ind茅pendante, avec des achats se d茅roulant dans des transactions sur le march茅 ouvert. Le maximum autoris茅 pour les achats est de 29 477 644 actions ordinaires, avec un plafond de prix de 105 % des cotations moyennes du march茅 au cours des cinq derniers jours ouvrables.
Gaming AG真人官方ms (AIM:GMR) hat ein 础办迟颈别苍谤眉肠办办补耻蹿辫谤辞驳谤补尘尘 im Wert von 6 Millionen Pfund f眉r Stammaktien zu je 0,1 Pence angek眉ndigt. Das Unternehmen, das mobile Gaming-Inhalte entwickelt und lizenziert, hat eine starke finanzielle Position mit etwa 13,5 Millionen Pfund in bar und null Schulden zum 31. Dezember 2024 bekannt gegeben.
Das R眉ckkaufprogramm beginnt sofort und l盲uft bis zum 31. August 2025 oder bis zur Hauptversammlung des Unternehmens im Mai 2025, es sei denn, es wird verl盲ngert. Peel Hunt LLP und Investec Bank Plc werden das Programm unabh盲ngig ausf眉hren, wobei die K盲ufe in offenen Markttransaktionen erfolgen. Der maximal autorisierte Kauf betr盲gt 29.477.644 Stammaktien, mit einer Preisobergrenze von 105 % der durchschnittlichen Mittelmarktkurse der letzten f眉nf Gesch盲ftstage.
- Strong cash position of 拢13.5 million
- Debt-free status as of December 2024
- 拢6 million share buyback program indicates confidence in future prospects
- Potential increase in earnings per share due to reduced share count
- Significant reduction in cash reserves from 拢13.5M to 拢7.5M after buyback completion
Launch of Share Buyback Programme
LONDON, UNITED KINGDOM / / March 31, 2025 / Gaming AG真人官方ms plc (AIM:GMR), the developer and licensor of mobile-focused gaming content, announces the commencement of a share buyback programme to purchase ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") up to a maximum aggregate consideration of £6 million (the "Share Buyback Programme").
As referenced in the Company's final results for the year ended 31 December 2024, announced today, the Company is debt free and has a strong cash position of approximately £13.5 million. The Share Buyback Programme reflects the Company's directors' continued confidence in its future prospects.
The Company remains committed to continuing to invest in the business to deliver organic growth and returning surplus cash to shareholders.
Details of the Share Buyback Programme
Gaming AG真人官方ms has given irrevocable and non-discretionary instruction to Peel Hunt LLP ("Peel Hunt") and Investec Bank Plc ("Investec") (together the Brokers) to conduct the Share Buyback Programme on its behalf, which will commence today and will end no later than 31 August 2025 or, if earlier, the conclusion of the Company's annual general meeting ("AGM") to be held in May 2025 unless the requisite authority is renewed at the AGM in May 2025. The Brokers will act as "riskless" or "matched" principals for the purposes of the Share Buyback Programme, within certain parameters, and will make their trading decisions concerning the purchases of Ordinary Shares independently of the Company.
Ordinary Shares purchased under the Share Buyback Programme will take place in open market transactions and in accordance with the general authority to purchase Ordinary Shares granted to the directors of the Company (the "Directors") by its shareholders at the Company's AGM in 2024 (the "2024 Authority", or as subsequently granted to the Directors at its AGM in 2025). The maximum number of Ordinary Shares which the Company is authorised to purchase under the 2024 Authority is 29,477,644. The Share Buyback Programme will be conducted in accordance with Article 5(1) of Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended) ("UK MAR") and the provisions of Commission Delegated Regulation (EU) 2016/1052, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended), which deal with buyback programmes.
The maximum price (excluding any expenses) which may be paid for each Ordinary Share shall not be more than the higher of (i) an amount equal to 105 per cent. of the average of the middle market quotations for an Ordinary Share, as derived from the AIM Appendix to the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the Ordinary Share is contracted to be purchased, and (ii) an amount equal to the higher of the price of the last independent trade of an Ordinary Share and the highest current independent bid for an Ordinary Share as derived from the trading venues on which the purchase is carried out.
Gaming AG真人官方ms will announce any purchase of its Ordinary Shares under the Share Buyback Programme no later than 7.30 a.m. on the business day following the calendar day on which the purchase occurred. The Company will cancel any Shares purchased or hold them in treasury to meet obligations arising from share option programmes.
The Company will make further regulatory announcements in respect of any repurchases of its Ordinary Shares as required by UK MAR and the AIM Rules. The Company is satisfied that it is not currently in a closed period, nor is it in possession of any inside information which has not previously been disclosed via Regulatory Information Service.
For further information, please contact:
Gaming AG真人官方ms Plc | 0845 123 3773 |
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Peel Hunt - NOMAD and Joint Corporate Broker | 020 7418 8900 |
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George Sellar |
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Investec - Joint Corporate Broker | 020 7597 4000 |
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Ben Farrow |
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Yellow Jersey | 07747 788 221 |
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SOURCE: Gaming AG真人官方ms PLC
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FAQ
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What is Gaming AG真人官方ms' current cash position as of December 2024?
What is the maximum price Gaming AG真人官方ms can pay per share in the buyback?
