TomTom share buyback program periodic update, 15-19 February 2021
Feb 23, 2021
Amsterdam, The Netherlands, 23 February 2021, 07:30 CEST - TomTom (TOM2), today announced that it has repurchased 366,672 ordinary TomTom shares at an average price of €7.94 per share in the period from 15 February 2021 up to and including 19 February 2021. The aggregate consideration of this repurchase was €2.9 million. These repurchases were made as part of the company’s €50 million share buyback program initially announced on 2 March 2020 and resumed on 15 February 2021.
The total number of shares repurchased since the initial announcement of the program up to and including 19 February 2021 is 2,721,105 shares for a total aggregate consideration of €19.5 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 website.
This press release contains information which is to be made publicly available under the Market Abuse Regulation (EU) No 596/2014.Contact: Investor Relations: ir@tomtom.com
About TomTom
Billions of data points. Millions of sources. Thousands of communities.
We are the mapmaker bringing it all together to build the world’s smartest map. We provide location data and technology to drivers, carmakers, businesses and developers. Our application-ready maps, routing, real-time traffic, APIs and SDKs empower the dreamers and doers to move our world forward.
Headquartered in Amsterdam with 3,300 employees around the globe, TomTom has been shaping the future of mobility for over 30 years.
www.tomtom.com