HELSINKI – Finnish company Sampo Oyj reported its acquisition of A shares on Monday as part of an ongoing buyback plan. According to the company’s statement, a total of 93,001 shares were purchased on various European trading platforms on November 29, 2024, with an estimated net price per share of €40.49.
The repatriation initiative, which began on June 18, 2024, following approval at the company’s Annual General Meeting on April 25, 2024, was originally set at an amount of up to €400 million. However, on September 16, 2024, the Board of Directors of Sampo Oyj decided to increase the size of the plan to €475 million.
As a result of recent transactions, Sampo Oyj now has a total of 11,747,690 A shares, representing 2.14% of all its issued shares, taking into account the number of shares distributed as of September 16, 2024.
The recall was made in accordance with Market Abuse Regulation (EU) 596/2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, ensuring that the company complies with regulatory requirements.
The execution of this purchase of shares was carried out in various markets, including AQEU, CEUX, TQEX, and XHEL, with detailed information of the transaction provided as an annex to the company’s statement.
Morgan Stanley (NYSE:) is holding Sampo Oyj through a share buyback plan. For more information, investors are advised to contact Sami Taipalus, Director of Investor Relations at Sampo Oyj.
This news is based on a press release from Sampo Oyj.
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