Super Group board announces $25m share buyback plan

Finance News

Super Group the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that its Board of Directors has authorized the repurchase of up to $25 million of Super Group ordinary shares through December 31, 2023.

This time frame can also be extended or shortened by the Board of Directors, and Super Group is not obligated to repurchase any shares. Repurchases, if any, will be made from time to time on the open market at prevailing prices or in negotiated transactions off the market.

Alinda van Wyk, Chief Financial Officer of Super Group, commented: “Our debt-free balance sheet is strong and we actively consider using cash to drive long-term shareholder value through investment and through returning cash to shareholders.