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Highlights

  • Gaming Realms announces £6 million share buyback programme to return surplus cash to shareholders
  • Buyback to begin today and run until 31 August 2025, or until the AGM in May 2025
  • Company is debt-free with a strong cash position of £13.5 million, reflecting confidence in future prospects

Gaming Realms plc (AIM: GMR), the developer and licensor of mobile-focused gaming content, has launched a share buyback programme with a maximum aggregate consideration of £6 million. This decision aligns with the company’s  financial position, with a reported cash balance of approximately £13.5 million and no debt.

The programme will commence immediately and run until 31 August 2025, or until the conclusion of the company’s Annual General Meeting (AGM) in May 2025, unless authority is renewed at that time. Gaming Realms has appointed Peel Hunt LLP and Investec Bank Plc as brokers to carry out the buyback programme, making independent trading decisions within specified parameters.

The share buybacks will take place through open market transactions and will be executed under the authority granted at the 2024 AGM. The company is authorised to repurchase up to 29,477,644 Ordinary Shares, and any shares purchased will either be cancelled or held in treasury to meet future share option obligations.

Gaming Realms’ CEO and directors have expressed confidence in the future of the company, with the buyback programme being part of a broader strategy to return surplus cash to shareholders while continuing to invest in organic growth. The company will announce any repurchases of shares no later than 7.30 a.m. on the business day following the calendar day of the purchase, in line with regulatory requirements under UK MAR and AIM Rules.