Welcome to our dedicated page for Kindred Group news (Ticker: KNDGF), a resource for investors and traders seeking the latest updates and insights on Kindred Group stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kindred Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kindred Group's position in the market.
Kindred Group's Board of Directors has initiated a share buy-back program following the mandate from the Extraordinary General Meeting on June 10, 2022. The program aims to return excess cash to shareholders from August 1, 2022 until the next Annual General Meeting. The maximum number of shares to be repurchased is 23 million, and the program complies with Nasdaq Stockholm rules and EU regulations. The intention is to cancel repurchased shares. As of the announcement, Kindred holds 9,966,474 shares out of a total of 230,126,200.
Kindred Group has partnered with AFC Ajax, following its licensing to operate in the Netherlands as of June 8, 2022. The collaboration focuses on preventing betting-related match-fixing, promoting mental health, and responsible gambling initiatives. Kindred's Unibet Impact program aims to enhance social responsibility and community engagement through partnerships. Both organizations intend to develop joint content and initiatives that highlight their commitment to a safer gambling environment, aligning with Kindred's sustainability strategy.
Unibet, part of Kindred Group, has announced a partnership with Stewart-Haas Racing and driver Kevin Harvick, marking its first foray into NASCAR and U.S. motorsports. The collaboration will see Unibet serve as the primary sponsor for two NASCAR Cup Series events at Indianapolis Motor Speedway and Martinsville Speedway, as well as the NASCAR Xfinity Series race in Indianapolis. This strategic move aims to enhance Unibet's brand presence in the U.S. market where sports betting is legal, leveraging NASCAR's passionate fanbase.
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