Tom Tom - Initiates previously announced buyback of up to €50M (update)
- On 2 March 2020, TomTom (TOM2) announced the start of its share buyback program to repurchase ordinary TomTom shares for an amount up to €50 million. TomTom will use the shares to cover its commitments arising from its stock option and share plans.
- The share buyback program will ultimately end on 31 August 2020, unless the amount of €50 million has been repurchased prior to that date.
- The program will be executed by an intermediary to allow for share buybacks in the open market during both open and closed periods. The program will be executed within the limits of relevant laws and regulations and the existing authority granted by our General Meeting. Related ()