May 28, 2021
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 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