Sampo plc Announces Recent Share Buyback Activities
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Sampo plc's Recent Share Buybacks
On 23 August, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) completed a series of share buybacks for its own A shares, identified by the ISIN code FI4000552500. This acquisition is part of their ongoing commitment to returning value to shareholders.
Details of the Share Buyback Transactions
The following outlines the buyback transactions conducted on 23 August:
Trading Performance
The results for this transaction included the following key metrics:
- Aggregated daily volume: 96,824 shares
- Daily weighted average price: 40.41 EUR
Market Place Overview
The buybacks were executed across multiple markets including AQEU, CEUX, TQEX, and XHEL, demonstrating a diverse trading strategy to optimize shareholder value.
Background of the Buyback Program
Sampo's buyback initiative, which was publicly announced on 17 June, allows for a maximum expenditure of EUR 400 million. This program is part of compliance with the Market Abuse Regulation (EU) 596/2014 and is grounded in the authorization obtained from Sampo's Annual General Meeting held on 25 April.
Total Holdings Post-Buyback
Following these buyback transactions, Sampo plc now holds a total of 5,226,259 A shares, representing approximately 1.04% of the total shares issued by the company. This reflects a proactive approach in managing its capital structure and returns to shareholders.
Contact Information for Further Inquiries
For additional details regarding these transactions or Sampo plc’s financial initiatives, you may contact:
Sami Taipalus
Head of Investor Relations
Telephone: +358 10 516 0030
Distribution of Information
This report is distributed through multiple platforms to ensure transparency and accessibility to all shareholders and stakeholders, including major exchanges.
Frequently Asked Questions
What is Sampo plc’s share buyback program?
Sampo plc's share buyback program allows the company to repurchase its own shares, thereby enhancing shareholder value.
Why did Sampo plc initiate the share buyback?
The buyback program is designed to return capital to shareholders and reflects management's confidence in the company’s financial health.
How much has Sampo plc committed to the buyback?
Sampo plc has set a maximum budget of EUR 400 million for its share buyback program.
What percentage of shares does Sampo currently hold after the buyback?
After the recent buybacks, Sampo holds approximately 1.04% of its total shares.
Who can I contact for more information about Sampo plc?
For inquiries, you may reach out to Sami Taipalus, the Head of Investor Relations, at +358 10 516 0030.
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