Super Group's stock surged 7.05% in pre-market trading on Thursday following the company's announcement regarding new share buyback authority.

The Guernsey-based global operator announced it has set its Annual General Meeting for June 25, 2026, and will be seeking new authority for share buybacks at the meeting. This corporate action typically signals management's confidence in the company's value and future prospects, while reducing the number of shares outstanding to potentially increase earnings per share.

Investors responded positively to the news, driving the stock higher in pre-market activity as they anticipate the potential benefits of the proposed share repurchase program.