HELSINKI - Finnish financial services company Sampo Oyj has reported the acquisition of its own A-shares on Monday as part of an ongoing buyback program. According to the company's statement, a total of 93,001 shares were purchased on various European trading venues on November 29, 2024, with the weighted average price per share being €40.49.
The buyback initiative, which commenced on June 18, 2024, following approval at the company's Annual General Meeting on April 25, 2024, was originally set at a maximum of €400 million. However, on September 16, 2024, Sampo Oyj's Board of Directors decided to increase the program's size to €475 million.
As a result of the latest transactions, Sampo Oyj now holds a total of 11,747,690 of its A-shares, representing 2.14% of all its issued shares, considering the number of shares in circulation as of September 16, 2024.
The buyback is being conducted in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, ensuring that the company adheres to regulatory requirements.
The execution of these share purchases was carried out through various marketplaces, including AQEU, CEUX, TQEX, and XHEL, with detailed transaction information provided as an annex to the company's statement.
Morgan Stanley (NYSE:MS) is acting on behalf of Sampo Oyj for the share buyback program. For further information, investors are directed to contact Sami Taipalus, Director of Investor Relations at Sampo Oyj.
This news is based on a press release statement from Sampo Oyj.
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