On Friday, Sampo plc reported the acquisition of 94,858 of its own A shares. The transactions were part of the company's ongoing share buyback program, which was initially announced on June 17, 2024, and subsequently increased by the Board of Directors on September 16, 2024, from EUR 400 million to EUR 475 million.
The shares were purchased on Thursday across several marketplaces, with an aggregated daily volume distributed as follows: 4,621 shares on AQEU at a daily weighted average price of $39.71, 43,642 shares on CEUX at $39.69, 359 shares on TQEX at $39.68, and 46,236 shares on XHEL at $39.70. The overall average price for the shares acquired on that day was $39.69.
The buyback program is executed in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. It is based on the authorization granted by the Sampo Annual General Meeting held on April 25, 2024.
Following these recent transactions, Sampo plc now holds a total of 11,185,652 of its A shares, which represents 2.03 percent of the company's total share count, considering the issuance of shares on September 16, 2024. The detailed information regarding each individual transaction has been provided as an appendix to the announcement.
The share buybacks are being facilitated by Morgan Stanley (NYSE:MS), acting on behalf of Sampo plc. For further information regarding the share buyback transactions, interested parties are advised to refer to the full announcement provided by the company.
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