HELSINKI – Finnish financial company Sampo Oyj (HEL:SAMPO) reported on Monday that it has bought additional shares in the company as part of its ongoing recapitalization plan. The transaction took place on November 22, with a total of 94,632 shares acquired at an average price of €39.79 each.
The retroactive measure, first announced on June 17, 2024, and later increased by the board on September 16, 2024, to €475 million, is in line with Market Abuse Regulation (EU) 596/2014 (MAR) and Commission Delegated Regulation (EU) 2016 /1052. Sampo’s board has the right to purchase granted by the annual general meeting held on April 25, 2024.
After recent activities, Sampo Oyj now owns 11,280,284 shares, representing 2.05% of all issued shares considering the share count as of September 16, 2024.
Share purchases took place on multiple markets, including AQEU, CEUX, TQEX, and XHEL. The company’s move is part of its strategy to return value to shareholders and manage its capital structure effectively.
The detailed transaction was made available as an attachment to the company’s statement. This information is based on a press release issued by Sampo Oyj, and the mentioned activities reflect the company’s continuous efforts to improve its financial strategies.
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