Gaming Realms PLC Announces Share Buyback Programme
Gaming Realms (AIM:GMR) has announced a share buyback programme worth £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 £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 Realms (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 inizierà immediatamente e continuerà 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 è di 29.477.644 azioni ordinarie, con un limite di prezzo del 105% delle quotazioni medie di mercato negli ultimi cinque giorni lavorativi.
Gaming Realms (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 móviles, reveló una sólida posición financiera con aproximadamente 13,5 millones de libras en efectivo y cero deudas al 31 de diciembre de 2024.
El programa de recompra comenzará de inmediato y continuará 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 ejecutarán el programa de manera independiente, con compras que se llevarán a cabo en transacciones de mercado abierto. La compra máxima autorizada es de 29.477.644 acciones ordinarias, con un límite de precio del 105% de las cotizaciones medias del mercado durante los últimos cinco días hábiles.
Gaming Realms (AIM:GMR)는 0.1펜스의 보통주에 대해 600만 파운드 규모의 자사주 매입 프로그램을 발표했습니다. 모바일 중심의 게임 콘텐츠를 개발 및 라이센스하는 이 회사는 2024년 12월 31일 기준으로 약 1350만 파운드의 현금과 무부채의 강력한 재무 상태를 공개했습니다.
매입 프로그램은 즉시 시작되어 2025년 8월 31일까지 계속되거나 2025년 5월의 주주총회까지 진행되며, 연장되지 않는 한 그대로 유지됩니다. Peel Hunt LLP와 Investec Bank Plc는 독립적으로 프로그램을 실행하며, 매입은 공개 시장 거래에서 이루어집니다. 최대 승인 매입량은 29,477,644 보통주이며, 가격 한도는 지난 5 영업일 동안의 평균 중간 시장 가격의 105%입니다.
Gaming Realms (AIM:GMR) a annoncé 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 développe et licence des contenus de jeux axés sur le mobile, a révélé une solide position financière avec environ 13,5 millions de livres en liquidités et aucune dette au 31 décembre 2024.
Le programme de rachat commencera immédiatement et se poursuivra jusqu'au 31 août 2025, ou jusqu'à l'assemblée générale de l'entreprise en mai 2025, à moins qu'il ne soit renouvelé. Peel Hunt LLP et Investec Bank Plc exécuteront le programme de manière indépendante, avec des achats se déroulant dans des transactions sur le marché ouvert. Le maximum autorisé pour les achats est de 29 477 644 actions ordinaires, avec un plafond de prix de 105 % des cotations moyennes du marché au cours des cinq derniers jours ouvrables.
Gaming Realms (AIM:GMR) hat ein Aktienrückkaufprogramm im Wert von 6 Millionen Pfund für Stammaktien zu je 0,1 Pence angekündigt. 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 Rückkaufprogramm beginnt sofort und läuft bis zum 31. August 2025 oder bis zur Hauptversammlung des Unternehmens im Mai 2025, es sei denn, es wird verlängert. Peel Hunt LLP und Investec Bank Plc werden das Programm unabhängig ausführen, wobei die Käufe in offenen Markttransaktionen erfolgen. Der maximal autorisierte Kauf beträgt 29.477.644 Stammaktien, mit einer Preisobergrenze von 105 % der durchschnittlichen Mittelmarktkurse der letzten fünf Geschäftstage.
- Strong cash position of £13.5 million
- Debt-free status as of December 2024
- £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 £13.5M to £7.5M after buyback completion
Launch of Share Buyback Programme
LONDON, UNITED KINGDOM / ACCESS Newswire / March 31, 2025 / Gaming Realms 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 Realms 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 Realms 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 Realms 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 Realms PLC
View the original press release on ACCESS Newswire
FAQ
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