Sanoma Corporation, Stock Exchange Release, 17 December 2021 at 9:00 EET
Sanoma completed repurchase of own shares
Sanoma has completed the repurchase of own shares, which started on 9 November 2021 and ended on 16 December 2021. During that time, Sanoma acquired a total of 361,000 own shares for an average price of EUR 13.6919 per share. The total sum used for the repurchase was EUR 5.0 million. 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 13 April 2021 and shall be used as a part of the Company’s incentive programme.
Following the repurchase, Sanoma Corporation holds a total of 679,614 own shares, corresponding to 0.42% of the total number of shares.
Kaisa Uurasmaa, Head of Investor Relations and Sustainability, tel. +358 40 560 5601
Sanoma is an innovative and agile learning and media company impacting the lives of millions every day.
Our learning products and services enable teachers to develop the talents of every child to reach their full potential. We offer printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education, and want to grow our business across Europe.
Our Finnish media provide independent journalism and engaging entertainment also for generations to come. Our unique cross-media position offers the widest reach and tailored marketing solutions for our business partners.
Today, we operate in eleven European countries and employ close to 5,000 professionals. In 2020, our net sales amounted to approx. 1.1bn€ and our operational EBIT margin excl. PPA was 14.7%. Sanoma shares are listed on Nasdaq Helsinki. More information is available at www.sanoma.com.