Repurchase agreement

STMicroelectronics Announces Status of Common Share Repurchase Program

Monday, August 2, 2021 - 1:00pm

AMSTERDAM – August 2, 2021 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares Period from July 26, 2021 to July 30, 2021
    AMSTERDAM August 2, 2021 -- STMicroelectronics N.V. (the Company or STMicroelectronics), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the Program) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: STM) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between July 26, 2021 to July 30, 2021 (the Period), of 277,802 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 33.7798 and for an overall price of EUR 9,384,083.23.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM (ISIN: NL0000226223), in detailed form.

Matthews International Corporation Announces Continuation of Its Stock Repurchase Program

Friday, July 30, 2021 - 12:30pm

PITTSBURGH, July 30, 2021 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced that its Board of Directors approved a continuation of the Companys stock repurchase program.

Key Points: 
  • PITTSBURGH, July 30, 2021 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced that its Board of Directors approved a continuation of the Companys stock repurchase program.
  • Upon the repurchase of these remaining shares, the new authorization allows Matthews to purchase up to an additional 2,500,000 shares of the Companys common stock.
  • In addition to our quarterly cash dividends, we continue to believe that the repurchase program is an effective means to return capital to our shareholders.
  • Matthews International Corporation is a global provider of brand solutions, memorialization products and industrial technologies.

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Announces Tender Offer

Friday, July 30, 2021 - 1:00pm

The Fund intends to commence its tender offer on or about September 15, 2021, with the expiration of the tender offer currently expected to be October 14, 2021.

Key Points: 
  • The Fund intends to commence its tender offer on or about September 15, 2021, with the expiration of the tender offer currently expected to be October 14, 2021.
  • This announcement is not an offer to purchase or a solicitation of an offer to buy shares of the Fund.
  • The tender offer will be made only by an Offer to Purchase, a Repurchase Request Form, and related documents.
  • As soon as the tender offer commences, the Fund will file a tender offer statement on Schedule TO with the SEC, which will include an Offer to Purchase and related Repurchase Request Form.

The Parent Company Announces Voluntary Board of Director and Executive Team Lock-up Agreements

Friday, July 30, 2021 - 1:52pm

To date, the Insiders have not sold any common shares of the Company that they directly own or over which they exercise control or direction.

Key Points: 
  • To date, the Insiders have not sold any common shares of the Company that they directly own or over which they exercise control or direction.
  • During the term of the Buyback Agreements, the Employees have agreed to enter into lock-up agreements for their remaining shareholdings in the Company which are not impacted by the Buyback Agreement.
  • Any Company common shares repurchased pursuant to the Buyback Agreements will be canceled as to reduce the total number of issued and outstanding Company common shares.
  • The Parent Company (TPCO Holding Corp.) (NEO: GRAM.U) (OTCQX: GRAMF) is California's leading vertically integrated cannabis company combining best-in-class operations with leading voices in popular culture and social impact.

LKQ Corporation Announces $1 Billion Increase in Stock Repurchase Program; total authorized now $2 Billion through October 2024

Thursday, July 29, 2021 - 10:57am

Since initiating the stock repurchase plan in October 2018, 25.0 million shares have been repurchased for a total consideration of $830 million through June 30, 2021.

Key Points: 
  • Since initiating the stock repurchase plan in October 2018, 25.0 million shares have been repurchased for a total consideration of $830 million through June 30, 2021.
  • Under the repurchase program, the Company is authorized to repurchase shares in the open market as well as in privately negotiated transactions.
  • The repurchase program will be effected in compliance with SEC Rule 10b-18 and other applicable legal requirements.
  • LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

Infrastructure and Energy Alternatives, Inc. Announces Transaction Agreement to Simplify Capital Structure

Wednesday, July 28, 2021 - 9:24pm

Subject to the terms and conditions of the Transaction Agreement and successful closing of certain related transactions described in the agreement, the Company will repurchase and redeem all of the outstanding Series B Preferred Stock.

Key Points: 
  • Subject to the terms and conditions of the Transaction Agreement and successful closing of certain related transactions described in the agreement, the Company will repurchase and redeem all of the outstanding Series B Preferred Stock.
  • Infrastructure and Energy Alternatives, Inc. is a leading infrastructure construction company with renewable energy and specialty civil expertise.
  • The use of words such as anticipate, expect, could, may, intend, plan and believe, among others, generally identify forward-looking statements.
  • These forward-looking statements may include, but are not limited to, statements regarding the Transaction Agreement, transactions under the Transaction Agreement, and the expected benefits of the Transaction Agreement.

Portman Ridge Finance Corporation Resumes Share Buyback Program

Monday, July 26, 2021 - 9:16pm

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the Company or Portman Ridge) today provided an update on its previously announced share buyback program.

Key Points: 
  • NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the Company or Portman Ridge) today provided an update on its previously announced share buyback program.
  • Following the recent lifting of the suspension on repurchases under the share buyback program due to its merger transaction with Harvest Capital Credit Corporation (HCAP), the Company has been actively repurchasing its shares under the program.
  • Also, as previously announced, the Company entered a Rule 10b5-1 stock trading plan to facilitate the repurchase of up to $2.5 million of its shares under the share repurchase program.
  • Portman Ridge Finance Corporation (NASDAQ: PTMN) is a publicly traded, externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940.

CIB Marine Bancshares, Inc. Announces Details of Plan to Repurchase All Preferred Stock

Monday, July 26, 2021 - 10:00am

Implementation of the preferred stock repurchase plan will require amendment of the Companys Articles of Incorporation.

Key Points: 
  • Implementation of the preferred stock repurchase plan will require amendment of the Companys Articles of Incorporation.
  • The initial repurchase of $18 million of outstanding preferred shares, comprising a pro rata repurchase of Series A and Series B preferred shares from each preferred shareholder, is expected to be concluded by the end of 2021.
  • Subsequent repurchases after the initial repurchase would be in such amounts and at such times as determined by the CIB Marine Board of Directors but are expected to culminate in the repurchase of all preferred stock by the end of 2025.
  • Each repurchase transaction is subject to CIB Marine obtaining all regulatory approvals, including approval from the FDIC, State of Illinois, and Federal Reserve.

STMicroelectronics Announces Status of Common Share Repurchase Program

Monday, July 26, 2021 - 1:00pm

AMSTERDAM – July 26, 2021 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares Period from Jul 19, 2021 to Jul 23, 2021
    AMSTERDAM July 26, 2021 -- STMicroelectronics N.V. (the Company or STMicroelectronics), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the Program) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: STM) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Jul 19, 2021 to Jul 23, 2021 (the Period), of 257,310 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 31.9992 and for an overall price of EUR 8,233,708.72.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM (ISIN: NL0000226223), in detailed form.

Fortune Brands Announces Additional $400 Million Share Repurchase Authorization and Declares Quarterly Dividend

Monday, July 26, 2021 - 2:00pm

The $400 million share repurchase authorization announced today is in addition to the $306 million remaining from a prior authorization which expires on September 21, 2022.

Key Points: 
  • The $400 million share repurchase authorization announced today is in addition to the $306 million remaining from a prior authorization which expires on September 21, 2022.
  • The newly announced share repurchase authorization does not obligate the Company to repurchase any dollar amount or number of shares of common stock.
  • This authorization is in effect until July 23, 2023, and may be suspended or discontinued at any time.
  • Additionally, on July 23, 2021, the Board declared a quarterly cash dividend of $0.26 per common share.