HELSINKI – Finnish financial company Sampo Oyj (HEX:SAMPO) completed the acquisition of its A shares on November 26, as part of its ongoing share buyback program. The company reported that a total of 93,734 shares were bought in various markets at an average price of €40.16 per share.
The buyback plan, first announced on June 17, 2024, initially aimed to buy back up to €400 million of its shares. After the decision of the Sampo Board of Directors on September 16, 2024, the program was expanded to €475 million. The withdrawal was made under the authorization given by Sampo’s Annual General Meeting held on April 25, 2024.
After the latest transaction, Sampo Oyj now has a total of 11,468,129 shares, representing 2.09% of all issued shares, considering the shares issued as of September 16, 2024. The company has been actively managing its capital structure through share buybacks, a common practice among of listed companies that aim to return value to shareholders.
Transactions are conducted on regulated markets, including AQEU, CEUX, TQEX, and the Helsinki Stock Exchange (XHEL), Morgan Stanley (NYSE:) stands for Sampo Oyj. A detailed job description has been made available as an attachment to the company’s announcement.
This share repurchase activity is part of Sampo Oyj’s broader strategy to improve its financial structure and deliver shareholder value. The company’s approach is in line with Market Abuse Regulation (EU) 596/2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, ensuring compliance with regulatory standards.
The information provided is based on a press release statement.
This article was created with the support of AI and reviewed by an editor. For more information see our T&C.
