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Sampo launches a buyback programme of EUR 200 million
Globenewswireยท2025-08-06 05:50

Core Points - Sampo plc has announced a share buyback programme amounting to EUR 200 million to return excess capital generated in 2024 [1][2] - The buyback programme is set to commence on 7 August 2025 and will conclude no later than 31 October 2025, with a maximum repurchase of 30 million shares, representing 1% of total shares [3] - The shares will be repurchased at a price not exceeding the highest price paid in public trading on the day of repurchase or the average price over the preceding five trading days [4] Financial Management - The buyback is part of Sampo's capital management policy aimed at maintaining a strong but efficient balance sheet [2] - The repurchased shares will be cancelled, thereby reducing the capital of Sampo [6] - The programme is based on the authorization granted by the Annual General Meeting held on 23 April 2025 [6] Execution Details - Morgan Stanley has been appointed as the lead manager for the share buyback programme, making trading decisions independently [5] - The repurchases will be conducted in compliance with the EU Market Abuse Regulation [5] - Shares may also be acquired through accelerated bookbuilds (ABB) under certain conditions [4]