Amsterdam, The Netherlands, 28 May 2021, 07:30 CEST - TomTom (TOM2), today announced that it has repurchased 202,080 ordinary TomTom shares at an average price of €7.54 per share in the period from 24 May 2021 up to and including 27 May 2021. The aggregate consideration of this repurchase was €1.5 million.
This repurchase concludes the company’s share buyback program initially announced on 2 March 2020 and resumed on 15 February 2021. Under this program a total of 6,687,092 shares were repurchased at an average price of €7.48 per share, for a total consideration of €50 million.
TomTom will use the shares to cover its commitments arising from its long-term employee incentive plans. Details of the share buyback transactions can be found on the company’s