HELSINKI – Finnish financial company Sampo Oyj (HEL:SAMPO) reported on Monday that it has purchased additional shares in the company as part of its ongoing buyback program. The transactions occurred on November 22, with a total volume of 94,632 shares acquired at a weighted average price of €39.79 each.
The buyback initiative, which was first announced on June 17, 2024, and later increased by the board on September 16, 2024, to €475 million, is in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. Sampo’s board has the authorization for the buyback granted by the annual general meeting held on April 25, 2024.
Following the recent transactions, Sampo Oyj now holds 11,280,284 of its own A-shares, representing 2.05% of all issued shares considering the share count as of September 16, 2024.
The share buybacks took place across several marketplaces, 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 efficiently.
The detailed transactions have been made available as an attachment to the company’s statement. This information is based on a press release statement issued by Sampo Oyj, and the activities mentioned reflect the company’s ongoing efforts to optimize its financial strategies.
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