to the Board
The Annual General Meeting of 2011 authorized the Board to acquire in one or several lots a maximum of 50,000,000 Sampo A shares. Shares can be repurchased in other proportion than the shareholders’ proportional shareholdings (private repurchase). The share price will be no higher than the highest price paid for Sampo shares in public trading at the time of purchase. The authorization is valid until the close of the next Annual General Meeting, nevertheless not more than 18 months after AGM’s decision. The shares are to be acquired through public trading on the NASDAQ OMX Helsinki at the market price prevailing at the time of repurchase.
The Sampo Board decided on 10 August 2011 to start repurchasing Sampo A shares. The maximum amount to be repurchased was 10,000,000 shares corresponding to approximately 1.8 per cent of the total number of shares. Weighty financial reasons for repurchases existed as they were carried out in order to follow the company’s distribution policy.
During the third quarter of 2011 Sampo plc acquired 1,282,390 of its own A shares, which corresponds to 0.2 per cent of all shares and related votes. An average EUR 18.94 was paid per share and a total of EUR 24.3 million used for the repurchases.
In accordance with the authorization by the Annual General Meeting the Board of Sampo plc cancelled on 13 December 2011 the Sampo A shares repurchased in the third quarter of 2011. The cancellation reduced the number of Sampo A shares with the corresponding amount. After the cancellation the number of Sampo plc's A shares totals 558,800,000. Total number of shares of the company, including 1,200,000 B shares, is 560,000,000 shares.