Amsterdam, The Netherlands, 16 March 2021, 07:30 CEST – TomTom (TOM2), today announced that it has repurchased 299,299 ordinary TomTom shares at an average price of €7.90 per share in the period from 8 March 2021 up to and including 12 March 2021. The aggregate consideration of this repurchase was €2.4 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 12 March 2021 is 3,930,439 shares for a total aggregate consideration of €28.8 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
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About TomTom:
At TomTom we’re mapmakers, providing location technology for drivers, carmakers, enterprises and developers.
Our highly accurate maps, navigation software, real-time traffic information and APIs enable smart mobility on a global scale, making the roads safer, the drive easier and the air cleaner.
Headquartered in Amsterdam with offices in 30 countries, TomTom’s technologies are trusted by hundreds of millions of drivers, businesses and governments worldwide.