Sampo plc Announces Share Buybacks on August 21
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Sampo plc’s Share Buybacks Announcement
Sampo plc has recently conducted share buybacks as part of its ongoing commitment to enhancing shareholder value. This strategic move reflects the company’s confidence in its business model and financial health, as well as its intention to maximize returns for its investors.
Details of the Share Buybacks
On August 21, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) acquired a total of 95,998 of its own A shares, underlining its strategic plan to manage and reserve shares effectively. This buyback initiative is not only a demonstration of the company's commitment to maintaining shareholder confidence but also serves as a tool to manage its capital structure efficiently.
Share Buyback Statistics
The share buyback transactions conducted on this date were notable for their volume and average pricing:
- Aggregated daily volume included 6,389 shares.
- The daily weighted average price was approximately 40.76 EUR.
- On different exchanges, the volumes further included substantial amounts, such as 41,675 shares on CEUX at the same price of 40.76 EUR, and 47,126 shares on XHEL averaging at 40.74 EUR.
These transactions underline Sampo’s dedication to an effective share buyback program, which began on June 18.
Background of the Buyback Program
The Sampo plc share buyback program was initiated following an announcement of an intention to repurchase shares amounting to a maximum of EUR 400 million, aligning with compliance standards under the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. This program began on June 18 following approval from its Annual General Meeting held on April 25.
Current Ownership Status
Following the completion of these transactions, Sampo plc now holds a total of 5,032,676 A shares, which represents approximately 1.00 percent of its total share count. This reflects the company’s strategic positioning and its continuous efforts to align share management with shareholder value enhancement.
Future Perspectives and Conclusion
The share buyback initiated by Sampo plc represents a forward-looking strategy aimed at strengthening its market position. As the company progresses through this program, it continues to express optimism about its future and its ability to manage operational efficiencies while returning value to shareholders. Investors can expect transparency and regular updates on the program as it unfolds.
Contact Information
For any inquiries concerning this announcement or the buyback program, please reach out to:
Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030
Frequently Asked Questions
What is Sampo plc's recent share buyback amount?
Sampo plc announced a total buyback of 95,998 shares on August 21.
What was the average price per share in this buyback?
The daily weighted average price for the shares bought back was approximately 40.75 EUR.
When did Sampo plc start its share buyback program?
The share buyback program commenced on June 18, 2024.
How many shares does Sampo plc own after the buyback?
After the buyback, Sampo plc owns a total of 5,032,676 A shares.
Who can I contact for more information about the buyback program?
For more details, please contact Sami Taipalus, Head of Investor Relations at +358 10 516 0030.
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