Sampo returns excess capital by launching a new share buyback programme
SAMPO PLC STOCK EXCHANGE RELEASE 30 March 2022 at 11:30 am
Sampo returns excess capital by launching a new share buyback programme
The Board of Directors of Sampo plc has today decided to launch a new buyback programme for Sampo A shares based on the authorisation granted by Annual General Meeting on 19 May 2021.
The aggregate purchase price of all Sampo A shares to be acquired under the buyback programme shall not exceed EUR 250 million. The maximum amount of Sampo A shares that can be repurchased is 6.7 million shares corresponding to approximately 1.2 per cent of the total number of shares in Sampo, which is 555,351,850 shares on the date of this release.
- Sampo aims to operate a strong and efficient balance sheet, in line with our targets on solvency and leverage. The buyback programme announced today will allow us to deploy up to EUR 250 million of our excess capital ahead of the 2022 AGM, says Torbjörn Magnusson, Group CEO and President.
The buyback programme will reduce Sampo plc’s capital and funds available for distribution of profit. The repurchased shares will be cancelled.
The share repurchases will start at the earliest on 31 March 2022 and end by latest 17 May 2022. The price payable per share shall be determined by the pricing obtainable on the relevant trading venue. The minimum price to be paid would be the lowest market price of the share quoted during the authorisation period and the maximum price the highest market price quoted during the authorisation period. The shares will be acquired through public trading on Nasdaq Helsinki, CBOE, Turquoise and Aquis.
The repurchases will be made in accordance with the safe harbour arrangement of Article 5 of the EU Market Abuse Regulation. Sampo has appointed BNP Paribas Exane as the lead manager for the share buyback programme. The lead manager will make trading decisions independently of and without influence from Sampo, within the announced limits.
Sampo finished its previous share repurchase programme on 25 March 2022. At the moment of the publication of this release, the company holds 17,128,505 Sampo A shares bought under the buyback programme which began on 4 October 2021. The amount of own shares held by the company corresponds to 3.08 per cent of the total number of its own shares.
SAMPO PLC
Board of Directors
For further information, please contact:
Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030
Maria Silander
Communications Manager, Media Relations
tel. +358 10 516 0031
Distribution:
Nasdaq Helsinki
London Stock Exchange
The principal media
Financial Supervisory Authority
www.sampo.com
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Press Release on the Filing of a Draft Offer Document Relating to the Simplified Tender Offer For the shares of Believe initiated by Upbeat BidCo SAS26.4.2024 15:20:00 CEST | Press release
PRICE OF THE OFFER: €15 per Believe share DURATION OF THE OFFER: 15 trading days The timetable of the tender offer (the “Offer”) will be set out by the Autorité des marchés financiers (the “AMF”) in accordance with the provisions of its General Regulation. This press release (the “Press Release”) was prepared by Upbeat BidCo and published pursuant to Article 231-16 of the General Regulation of the AMF. The offer and the draft offer document remain subject to review by the AMF. IMPORTANT NOTICE The Press Release must be read together with all other documents published in connection with the Offer. In particular, in accordance with Article 231-28 of the General Regulation of the AMF, a description of the legal, financial and accounting characteristics of Upbeat BidCo will be filed with the AMF and made available to the public no later than the day preceding the opening of the Offer. A press release will be issued to inform the public of the manner in which this information will be made a
The arbitral tribunal has confirmed GF’s redemption right over the minority shares in Uponor and trading in Uponor’s shares has been suspended26.4.2024 15:15:00 CEST | Press release
Uponor Corporation, Stock Exchange Release, April 26, 2024, 4.15 p.m. EET The arbitral tribunal has confirmed GF’s redemption right over the minority shares in Uponor and trading in Uponor’s shares has been suspended The arbitral tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce in connection with the redemption proceedings concerning the minority shares in Uponor Corporation (“Uponor”) has in its interim award confirmed that Georg Fischer AG (“GF”) has the right to redeem the minority shares in Uponor and that GF has the right to obtain title to the minority shares by posting a security approved by the arbitral tribunal for the payment of the redemption price and the possible interest accruing thereon. Uponor announced on March 22, 2024, that Uponor has resolved to apply for the termination of public trading in its shares and for the delisting of its shares from the Official List of Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) so that the delisting would occ
Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)26.4.2024 15:00:00 CEST | Press release
ORION CORPORATION STOCK EXCHANGE RELEASE – MAJOR SHAREHOLDER ANNOUNCEMENTS 26 APRIL 2024 at 16.00 EEST Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.) Orion Corporation has received a disclosure under Chapter 9, Section 5 of the Securities Market Act, according to which the total number of Orion shares owned directly, indirectly and through financial instruments by BlackRock, Inc. and its funds decreased on 25 April 2024 below five (5) per cent of Orion Corporation’s total shares. Total positions of BlackRock, Inc. and its funds subject to notification: % of shares and voting rights (total of point A)% of shares and voting rights through financial instruments (total of point B)Total of both in % (points A + B)Total number of shares and voting rights of issuer Resulting situation on the date on which threshold was crossed or reached Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights Below 5% shares Below
Decisions of the Organisational Meeting of Harvia Plc’s Board of Directors26.4.2024 15:00:00 CEST | Press release
STOCK EXCHANGE RELEASE 26 April 2024, at 4.00 p.m. EEST Decisions of the Organisational Meeting of Harvia Plc’s Board of Directors Heiner Olbrich was elected the Chair and Catharina Stackelberg-Hammarén was elected the Vice Chair of the Board of Directors at the Board of Directors’ organisational meeting that took place today after Harvia Plc’s Annual General Meeting. Board of Directors elected from among its members Hille Korhonen (Chair), Anders Holmén and Markus Lengauer as members of the Audit Committee. In addition, Harvia Plc’s Board of Directors decided to establish a Personnel and Remuneration Committee. The Committee’s task is to assist the Board of Directors in issues related to personnel and remuneration. The Board of Directors elected from among its members Heiner Olbrich (Chair), Olli Liitola and Catharina Stackelberg-Hammarén as members of the Personnel and Remuneration Committee. Independence of the members of the Board of Directors The Board of Directors assessed the in
Ålandsbanken Abp: Transaktioner utförda av personer i ledande ställning (Eurell)26.4.2024 15:00:00 CEST | Pressemelding
Ålandsbanken Abp Transaktioner utförda av personer i ledande ställning 26.4.2024 kl.16.00 EET Transaktioner utförda av personer i ledande ställning Den anmälningsskyldiga Namn: Jan-Gunnar Eurell Befattning: Ekonomidirektör Emittent: Ålandsbanken Abp LEI: 7437006WYM821IJ3MN73 Anmälans karaktär: FÖRSTA ANMÄLAN Referensnummer: 60063/8/4 Transaktionens datum: 2024-04-26 Handelsplats: NASDAQ HELSINKI LTD (XHEL) Instrument typ: AKTIE ISIN: FI0009001127 Transaktionens karaktär: FÖRVÄRV Detaljer om transaktionerna (1): Volym: 265 Enhetspris: 34.1611 EUR Aggregerad information om transaktionerna (1): Volym: 265 Medelpris: 34.1611 EUR Ytterligare information: Peter Wiklöf, Vd och koncernchef, Ålandsbanken Abp, tfn +358 40 512 7505