Sampo plc's Recent Share Buyback Activity Explained
Sampo plc's Share Buyback Overview
Sampo plc has been active in the market with its recent share buyback program. On September 25, 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) acquired its own A shares (ISIN code FI4000552500). This move showcases the company's commitment to returning value to its shareholders.
Details of Share Buybacks on September 25, 2024
On this particular day, Sampo plc's share buybacks were conducted across several markets, with the following details:
Aggregated Data of Buybacks
Throughout the day, Sampo plc acquired a total of 91,222 shares. The daily weighted average price for the purchased shares was approximately €41.73. The buybacks were executed across different platforms, highlighting a strategic approach to enhancing shareholder value.
Market Distribution
The shares were acquired across various markets, including:
- AQEU: 4,141 shares at €41.77
- CEUX: 40,636 shares at €41.74
- TQEX: 1,326 shares at €41.78
- XHEL: 45,119 shares at €41.73
These figures demonstrate Sampo plc's ongoing efforts to manage its share capital effectively.
Background on Buyback Program
This significant event follows the announcement earlier in the year regarding Sampo's share buyback program. Initially set at a maximum of EUR 400 million on June 17, 2024, the program aimed to comply with the Market Abuse Regulation (EU) 596/2014.
On September 16, 2024, the Board of Directors decided to increase the buyback program to EUR 475 million, reflecting a robust strategy for shareholder engagement and financial prudence.
Impact on Shareholders
After the transactions disclosed, Sampo plc owns a total of 7,403,567 A shares, amounting to 1.35% of the company's total share issuance. This move not only reflects Sampo's confidence in its financial position but also serves to enhance shareholder value significantly.
Contact for More Information
For additional inquiries about the share buyback program, interested parties can reach out to:
Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030
Frequently Asked Questions
What is the purpose of Sampo plc's share buyback program?
The program is designed to return value to shareholders and manage the company's share capital effectively.
How much has Sampo plc allocated for the share buyback program?
Initially set at EUR 400 million, the program has been increased to EUR 475 million.
What is the total number of shares Sampo plc has bought back?
As of the latest transaction, Sampo plc owns 7,403,567 A shares.
How does share buyback impact shareholders?
A share buyback typically helps increase the value of remaining shares and can indicate the company's confidence in its financial health.
Who can provide additional information regarding the buyback?
Sami Taipalus, the Head of Investor Relations, is available for further inquiries.
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