On Thursday, Sampo Oyj reported the acquisition of its own A-shares on November 21, 2024, as part of its ongoing share buyback program. The company purchased a total of 94,858 shares at a weighted average price of €39.69 across various marketplaces, including AQEU, CEUX, TQEX, and XHEL.
The buyback initiative, originally announced on June 17, 2024, with a budget of up to €400 million, was increased by the board on September 16, 2024, to €475 million. This expansion reflects the company's commitment to its share repurchase strategy. The program, which commenced on June 18, 2024, is executed under the authorization granted by Sampo's Annual General Meeting held on April 25, 2024.
Following the recent transactions, Sampo now holds 11,185,652 of its A-shares, representing 2.03% of all issued shares, taking into account the shares issued as of September 16, 2024. The details of these transactions have been provided in an attachment to the announcement.
The buyback program is being conducted in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, ensuring regulatory compliance. Sampo's investor relations are managed by Sami Taipalus, who can be contacted for further information.
This information was disseminated to major information outlets and financial regulatory authorities, including Nasdaq Helsinki, Nasdaq Stockholm, Nasdaq Copenhagen, the London Stock Exchange (LON:LSEG), and the financial supervisory authorities of Finland and Denmark. Additional details on the completed transactions are available on Sampo's website.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.