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Sanoma starts repurchasing own shares for its incentive programme
Globenewswire· 2026-02-11 06:35
Core Viewpoint - Sanoma Corporation has announced the initiation of a share repurchase program aimed at supporting its incentive program, with a maximum acquisition of 675,000 shares, representing 0.41% of total shares, and a budget of EUR 8.0 million for this purpose [1] Group 1: Share Repurchase Details - The share repurchase will commence on 12 February 2026 and is expected to conclude by 31 December 2026, pending approval at the 2026 Annual General Meeting [1] - The repurchased shares will be acquired through public trading on Nasdaq Helsinki Ltd. at the market price at the time of purchase [1] - The 2025 Annual General Meeting authorized the Board to repurchase up to 16,000,000 shares, approximately 9.8% of the total shares, using funds from the company's unrestricted shareholders' equity [2] Group 2: Company Overview - Sanoma Corporation operates as a learning and media company across Europe, focusing on providing educational content and solutions to enhance K12 education [3][5] - The company reported net sales of approximately EUR 1.3 billion in 2025, with an adjusted operating profit margin of 14.4% [6] - Sanoma employs nearly 5,000 professionals and is committed to sustainability, aligning with the UN Sustainable Development Goals [5][6]