Sampo plc's Recent Share Buybacks Overview
Sampo plc has been proactive in managing its share capital through a recent series of share buybacks. As of September 2, 2024, Sampo plc, known for its commitment to enhancing shareholder value, acquired a significant number of A shares, helping to solidify its position in the market.
Details of Share Buybacks
On this date, the company successfully bought back its own A shares (with ISIN code FI4000552500), achieving notable purchase volumes across various exchanges. Here’s a summary of the buyback transaction:
Buyback Summary
The following table outlines the aggregated daily volume of shares purchased, the daily weighted average price, and the market codes where these transactions took place:
- Aggregated Daily Volume: 95,875 shares
- Average Price per Share: €40.84
- Markets Involved: AQEU, CEUX, TQEX, XHEL
Background of the Buyback Program
The recent buyback was part of a broader initiative announced on June 17, 2024, which authorized a program totaling up to €400 million. This strategic move is in line with the Market Abuse Regulation (EU) 596/2014 and reflects Sampo’s commitment to utilizing its resources effectively for shareholder returns.
Company's Holdings After Transactions
Post these transactions, Sampo plc now holds 5,806,838 A shares, representing approximately 1.16% of its total share count. This demonstrates the company's ongoing efforts to enhance shareholder equity and market presence.
Future Outlook and Shareholder Engagement
As Sampo plc moves forward with its buyback strategy, it remains committed to transparency and shareholder engagement. The framework put in place aims not only to improve shareholder value but also to reinforce investor confidence in the company’s strategic direction.
Contact Information for Investors
For further inquiries regarding these share buybacks or any investor relations matters, Sami Taipalus, Head of Investor Relations, is available at tel. +358 10 516 0030.
Frequently Asked Questions
What is the purpose of Sampo plc's share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share, and demonstrating confidence in the company's future prospects.
How many shares has Sampo plc repurchased?
As of September 2, 2024, Sampo plc has repurchased a total of 95,875 shares.
What is Sampo plc's average buyback price?
The average price at which shares were bought back on September 2, 2024, was approximately €40.84.
Which exchanges were involved in the recent buybacks?
The buybacks occurred across several exchanges, including AQEU, CEUX, TQEX, and XHEL.
Who should I contact for more information about Sampo plc?
Sami Taipalus, Head of Investor Relations, can be contacted for further information regarding the share buybacks at +358 10 516 0030.
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