Sampo plc Announces Share Buybacks Update
Sampo plc Announces Share Buybacks Update
Sampo plc recently provided a comprehensive update on its share buyback activities, which took place on the 26th of August. As part of its strategic financial initiatives, Sampo plc acquired its own A shares, further demonstrating its commitment to enhancing shareholder value.
Details of the Share Buybacks
On the 26th of August, Sampo plc reported the acquisition of its A shares under the business code 0142213-3 and LEI 743700UF3RL386WIDA22. The information regarding the share buybacks reveals a significant volume of transactions that took place across multiple markets.
Aggregated Daily Volume and Pricing
During this transaction period, Sampo plc purchased a total of 97,100 shares, with a daily weighted average price of approximately 40.31 EUR. The buybacks were executed across various exchanges, notably including:
- AQEU: 6,096 shares at 40.32 EUR
- CEUX: 44,646 shares at 40.31 EUR
- TQEX: 659 shares at 40.31 EUR
- XHEL: 45,699 shares at 40.31 EUR
The substantial engagement in share buybacks reflects Sampo’s proactive approach to managing its capital structure while optimizing returns for shareholders.
Overview of the Share Buyback Program
Earlier, in June, Sampo plc officially launched a share buyback program with a target of up to 400 million EUR, adhering to the Market Abuse Regulation (EU) 596/2014. This initiative began on the 18th of June and is supported by the authorization provided at the Annual General Meeting held in April. The buyback program is part of a broader strategy to enhance shareholder value and demonstrates the company's confidence in its financial standing.
Current Share Ownership Status
Following the completed transactions associated with the August buybacks, Sampo plc now owns a total of 5,323,359 A shares. This figure accounts for roughly 1.06 per cent of the total number of shares outstanding for Sampo plc. Such ownership is indicative of the company's strategy to enhance shareholder returns while reinvesting in its own equity.
Company Contact Information
For more information on Sampo plc’s share buybacks and other investor relations matters, inquiries can be directed to:
Sami Taipalus
Head of Investor Relations
Tel: +358 10 516 0030
Distribution of Information
Sampo plc's announcements are distributed across multiple platforms including Nasdaq Helsinki, Nasdaq Stockholm, Nasdaq Copenhagen, and the London Stock Exchange. Providing updates through these channels reinforces Sampo's commitment to transparency and investor communication.
Frequently Asked Questions
What is Sampo plc's recent share buyback activity?
Sampo plc announced a series of share buybacks on 26 August, acquiring a total of 97,100 shares at an average price of 40.31 EUR.
When did Sampo plc initiate its current buyback program?
The current share buyback program commenced on 18 June, following the authorization from the Annual General Meeting in April.
How many A shares does Sampo plc currently hold?
After the recent transactions, Sampo plc owns 5,323,359 A shares, which represent 1.06% of the company’s total shares.
What was the maximum amount allocated for the buyback program?
Sampo plc has allocated a maximum of 400 million EUR for its ongoing buyback program, showcasing its strong financial position.
Who should I contact for more information on Sampo plc?
For further details, contact Sami Taipalus, Head of Investor Relations, at +358 10 516 0030.
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