Sampo plc Announces Share Buybacks and Market Updates
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Sampo plc’s Share Buybacks Update
SAMPO PLC STOCK EXCHANGE RELEASE 19 August 2024 at 8:30 am
Sampo plc’s Share Buyback Summary
On 16 August 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) undertook a series of transactions to acquire its own A shares (ISIN code FI4000552500), with the following details:
Summary of Share Buybacks
- Aggregated daily volume (in number of shares): 95,738
- Daily weighted average price of the purchased shares: 40.78
- Market (MIC Code): Various
Buyback Volume Breakdown
- AQEU: 5,472 shares at €40.79
- CEUX: 37,053 shares at €40.79
- TQEX: 418 shares at €40.76
- XHEL: 52,795 shares at €40.78
Note: Prices are averages rounded to two decimal places.
Background of the Share Buyback Program
On 17 June 2024, Sampo announced a strategic share buyback program, authorized to reach a maximum of EUR 400 million. This initiative is executed in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The execution commenced on 18 June 2024, following approval during Sampo's Annual General Meeting on 25 April 2024.
Impact of the Buybacks on Shareholding
Following these transactions, Sampo plc currently holds a total of 4,746,746 A shares, which accounts for approximately 0.95 percent of its entire share structure. This share buyback initiative is aimed at enhancing shareholder value and demonstrating Sampo's commitment to return capital to its investors.
For further insights and details about the transactions conducted, a comprehensive appendix is available with this announcement.
On behalf of Sampo plc,
Morgan Stanley
Contact Information
For further information, please contact:
Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030
Distribution of Information
Distribution:
Nasdaq Helsinki
Nasdaq Stockholm
London Stock Exchange
The principal media
FIN-FSA
Frequently Asked Questions
1. What is the significance of Sampo plc's share buyback program?
The share buyback program aims to enhance shareholder value by returning capital through the acquisition of its own shares in the market.
2. How much capital is Sampo plc authorized to use for this buyback program?
Sampo plc is authorized to conduct a share buyback program up to a maximum of EUR 400 million.
3. What were the average prices and volumes of shares bought back?
The company bought back a total of 95,738 shares at a daily weighted average price of €40.78.
4. How does this buyback impact the total shares in circulation?
After the disclosed transactions, Sampo plc owns approximately 0.95 percent of its total shares, representing 4,746,746 A shares.
5. Who should be contacted for more details regarding investor relations?
Sami Taipalus, the Head of Investor Relations, can be contacted at +358 10 516 0030 for more information.
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