#Sweden #Stockholm #Sinch AB #Customer Communications #shares buyback

Sinch AB Advances with Significant Share Buyback Program

Sinch AB (publ), a leading innovator in customer communications, has taken a decisive step in strengthening its market position by executing a substantial share buyback program. Between July 24 and August 8, the company successfully repurchased a total of 15,279,642 shares. This strategic move aligns with Sinch's ongoing commitment to maximizing shareholder value while maintaining robust growth.

On July 21, the board approved the repurchase of shares, allowing the company to acquire up to ten percent of its total outstanding shares. This plan highlights Sinch's proactive approach to managing its capital structure and reflects confidence in its long-term performance. Currently, the total number of issued shares in Sinch AB stands at 844,935,967, with the company owning approximately 15 million of its own shares.

The buyback initiative has garnered attention within the financial community, especially given Sinch's impressive trajectory since its inception in 2008. The firm, which operates from its headquarters in Stockholm, Sweden, has become a vital provider of Customer Communications Cloud solutions, assisting over 175,000 businesses worldwide, including some of the largest technology firms.

By enhancing its capital management through this buyback program, Sinch is reinforcing its commitment to its shareholders while simultaneously investing in future growth opportunities. The company’s innovative platform has positioned it at the forefront of the communications sector, enabling clients to improve customer experiences across various channels, including mobile messaging, voice, and email.

For stakeholders keen on tracking these developments, Sinch offers comprehensive information about the buyback initiative and individual transactions on its investor relations page at investors.sinch.com. Furthermore, the insights provided underscore Sinch's strategy to not only ensure robust financial health but also to reflect how shareholder interests are prioritized.

Looking Ahead

Looking forward, Sinch is meticulously focused on sustaining its growth trajectory while enhancing its communication solutions. The company's profitable history and rapid expansion underline its unique position in the market, which recently has faced increasing competition. As digital communication continues to evolve, companies like Sinch remain essential in bridging the gap between organizations and their customers.

With shares traded under the ticker XSTO SINCH on NASDAQ Stockholm, Sinch AB is not just participating in the conversation around customer engagement but leading it. As it adapts to the dynamic tech landscape, the recent buyback serves as both a promise to investors and an affirmation of its lasting impact in the telecommunications industry.

For further inquiries or more detailed information regarding Sinch AB's operations and future outlook, potential investors or interested parties can reach out directly to Ola Elmeland, the Investor Relations Director, via mobile at +46 721 43 34 59 or email at [email protected].

In conclusion, Sinch AB's latest share buyback initiative marks a significant moment in its journey, exemplifying a proactive commitment to shareholder engagement while paving the way for future innovations in customer communications.