HELSINKI - Finnish financial company Sampo Oyj (HEX:SAMPO) has completed a share repurchase on November 28, 2024, as part of its ongoing buyback program. The company acquired a total of 92,800 of its own A shares at a weighted average price of €40.58 per share across multiple trading venues, including AQEU, CEUX, TQEX, and XHEL.
The buyback initiative, which commenced on June 18, 2024, was originally announced on June 17 with a maximum allocation of €400 million. It was later increased by the board on September 16 to €475 million. This program is in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, and is backed by the authorization granted by Sampo's Annual General Meeting on April 25, 2024.
Following the recent transactions, Sampo now holds 11,654,689 of its A shares, representing 2.12% of all its issued shares, taking into account the shares in circulation as of September 16, 2024.
This move is part of Sampo's strategy to manage its capital structure and return value to shareholders. The detailed transactions attached to the press release provide further insights into the executed trades.
The information in this article is based on a press release statement from Sampo Oyj.
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