Sanoma completed repurchase of own shares
Sanoma Corporation, Stock Exchange Release, 15 October 2018 at 9:00 EET
Sanoma has completed the repurchase of own shares, which started on 22 August 2018 and ended on 12 October 2018. During that time, Sanoma acquired a total of 900,000 own shares for an average price of EUR 8.57 per share. The shares were acquired in public trading on Nasdaq Helsinki Ltd. at the market price prevailing at the time of purchase. The repurchased shares were acquired on the basis of the authorisation given by the Annual General Meeting on 22 March 2018 and shall be used as a part of the Company’s incentive programme.
Following the repurchase, Sanoma Corporation holds a total of 1,061,293 own shares, corresponding to 0.65% of the total number of shares.
Kaisa Uurasmaa, Head of Investor Relations and CSR, tel. +358 40 560 5601
Sanoma is a front running media and learning company impacting the lives of millions every day. We provide consumers with engaging content, offer unique marketing solutions to business partners and enable teachers to excel at developing the talents of every child.
With operations in Finland, the Netherlands, Poland, Belgium and Sweden, our net sales totalled EUR 1.4 billion and we employed more than 4,400 professionals in 2017. Sanoma shares are listed on Nasdaq Helsinki. More information is available at www.sanoma.com.