TomTom (TOM2) today announced that it has repurchased 726,000 ordinary TomTom shares at an average price of €9.12 per share in the period from 27 November 2017 up to and including 1 December 2017. The aggregate consideration of this repurchase was € 6.62 million. These repurchases were made as part of the company’s share buyback programme, which was announced on 19 September 2017.
The total number of shares repurchased under this programme to date is 4,655,807 shares for a total aggregate consideration of € 43.32 million.
TomTom will use the shares to cover its commitments arising from its stock option and share plans. Details on the share buyback transactions can be found on the company’s website.