Better Collective launches €5.0m share buyback program
By
Richard
Mulligan
France’s illegal gambling market could be worth up to €1.5bn (£1.28bn/$1.62bn), which would account for more than 10% of the total wagered across the country each year.
Due to be executed between 1 March to 22 April, the purpose of the buyback program is to cover future payments relating to completed and potential new acquisitions, as well as partially cover debt obligations.
The acquisition of shares shall take place on Nasdaq Stockholm, with a maximum number of 4,162,050 share to be made available for purchase.
“Better Collective continues its active acquisition strategy, and currently has a number of active discussions ongoing regarding potential acquisitions, where shares may be part of the considerations,” Better Collective said.