Sampo plc Increases Share Buyback Programme to €475 Million
Sampo plc Increases Its Share Buyback Programme
Sampo plc has made headlines recently with its significant decision to ramp up its share buyback programme, now set at €475 million. This strategic move signifies Sampo plc's confidence in its financial health and future growth potential.
Share Buyback Details
On 18 September 2024, Sampo plc acquired its own A shares under the regulations of the Market Abuse Regulation (EU) 596/2014. The latest transaction saw the acquisition of 93,063 shares across various markets, demonstrating robust interest in Sampo's stock and the positive market conditions.
Transaction Overview
Below are the details of Sampo plc’s share buybacks executed:
The aggregate daily volume on various exchanges included 4,062 shares at an average price of €41.32, 42,601 shares at €41.35, 507 shares at €41.45, and another 45,893 shares at €41.32. The total of these transactions showcases an impressive engagement from investors, reaffirming their trust in Sampo plc's long-term strategy.
Background of the Buyback Programme
Initially announced on 17 June 2024, Sampo's share buyback programme was set at a maximum of €400 million. However, following positive evaluations from the Board of Directors on 16 September, the programme's scope was increased to €475 million. This programme aims not only to enhance shareholder value but also to optimize the company's capital structure.
Impact on Share Ownership
The recent buyback transactions have resulted in Sampo plc holding a total of 6,938,661 Sampo A shares, which represents approximately 1.26 percent of the company's total share issuance as of 16 September 2024. This increase in ownership points to a firm commitment towards maximizing shareholder value.
Investor Relations and Contact Information
For stakeholders looking for further insights or details regarding Sampo plc's ongoing buyback programme, the Head of Investor Relations, Sami Taipalus, is available for contact at +358 10 516 0030. This open communication underscores Sampo's dedication to transparency and investor engagement.
Distribution of Information
Information concerning the buyback has been distributed across notable platforms, including Nasdaq Helsinki, Nasdaq Stockholm, and the London Stock Exchange, ensuring that stakeholders are kept informed of crucial financial moves.
Frequently Asked Questions
What is Sampo plc's current share buyback total?
The current total of Sampo plc's share buyback programme is €475 million.
When was the share buyback programme initially announced?
The share buyback programme was initially announced on 17 June 2024.
How many shares did Sampo plc buy back on 18 September 2024?
On 18 September 2024, Sampo plc bought back a total of 93,063 shares.
Who can I contact for more information?
Sami Taipalus, the Head of Investor Relations, can be contacted at +358 10 516 0030 for further inquiries.
What percentage of shares does Sampo plc currently own?
Sampo plc currently owns approximately 1.26 percent of its total shares outstanding.
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