HELSINKI - Finnish financial services group Sampo Oyj (HEX:SAMPO) has announced the completion of a share buyback on November 27, 2024, as part of its ongoing repurchase program. The company acquired a total of 93,760 of its own A shares with the weighted average price per share being €40.16.
The transaction took place across several marketplaces including AQEU, CEUX, TQEX, and XHEL. This buyback is a continuation of the repurchase plan that Sampo Oyj initiated on June 18, 2024, following authorization from its Annual General Meeting on April 25, 2024. The board of directors decided on September 16, 2024, to increase the size of the buyback program from €400 million to €475 million.
After the recent transactions, Sampo Oyj holds a total of 11,561,889 of its A shares, representing 2.10 percent of all its issued shares, considering the shares issued as of September 16, 2024. This move is in line with the regulations of the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052.
The share buyback is a part of the company's capital management strategy to return value to shareholders. The detailed information regarding the individual transactions has been made available in the press release issued by Sampo Oyj.
This news is based on a press release statement provided by Sampo Oyj, and the transactions have been distributed to relevant financial supervisory authorities and key media outlets.
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