Like in the last year, GAMIVO will share its profits with shareholders. For this purpose, the company started the buyback. Interested investors can submit their offers by June 11.
“We appreciate the trust of our shareholders, and we want to reward long-term commitment to our company. We have a really good financial position, which allows us to share our profit with shareholders. In 2023, we generated PLN 40.5 million in consolidated revenues, adjusted consolidated net profit was nearly PLN 6.5 million, and standalone net profit was PLN 9.3 million. We assume that the buyback of shares will also affect the liquidity of GAMIVO stock trading,” says Mateusz Smieżewski, CEO of GAMIVO S.A.
Based on the regulations of GAMIVO’s share repurchase program adopted by the Company’s Board of Directors, investors have been invited to sell 80,000 of the Company’s shares. The proposed repurchase price is PLN 100. The intermediary in the process is Trigon Dom Maklerski. Details related to GAMIVO’s share buyback program are available on its website, among others.
The company is focused on further development of the GAMIVO platform and building new business partnerships. It is in the area of platform licensing that the company records the highest revenues. In Q1 2024, GAMIVO generated PLN 3.6 million in revenue, PLN 0.82 million in net profit, and EBITDA of PLN 1.3 million.
For more information about the share buyback program, please visit this page
Schedule of the Invitation for sale of GAMIVO shares:
- • Publication of this Invitation: May 28, 2024
- • Start date for acceptance of sales offers: May 29, 2024
- • End date for acceptance of sales offers: June 11, 2024 (by 17:00 CET)
- • Anticipated date of transfer of ownership of OTC Acquired Shares and settlement of acquisition of shares acquired through KDPW (transaction date): June 14, 2024
