Sampo buys back 2.26 million shares in week 38

Helsinki-based Sampo plc completed the acquisition of 2.26 million of its own A shares during the most recent week, specifically from September 14 to 18, 2021. This purchase, detailed in a press release on Monday, took place across four market venues with a weighted average price of €9.41 per share. The bulk of the transactions, 1.31 million shares, were executed on the Helsinki exchange at the average price stated.

Additional shares were bought on the CEUX, TQEX, and AQEU exchanges at virtually identical prices. As a result of these transactions, Sampo now owns 32,778,801 A shares, which equates to 1.23% of the company's total shares outstanding.

These share buybacks are part of a strategic program announced on May 6, 2021, with a total maximum value of €350 million. The initiative commenced on May 7, adhering to the guidelines set by the Market Abuse Regulation (EU) 596/2014 and its accompanying Commission Delegated Regulation (EU) 2016/1052. The buyback program's authorization came from Sampo's Annual General Meeting, held on April 22, 2021.

Morgan Stanley Co. International plc is acting as the transactions' agent for Sampo. This story, while assisted by AI, was meticulously reviewed and edited by a human before publication.