Repurchase agreement

NIO Inc. Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026

Retrieved on:

Wednesday, January 3, 2024

Depository Trust Company, Mechanics, FICC, HKEX, Note, CUSIP, PARTIES, Debt-to-GDP ratio, Repurchase agreement, NIO, Trustee, NOTES, Exercise, Security (finance)

The Repurchase Right expires at 5:00 p.m., New York City time, on Wednesday, January 31, 2024.

Key Points:

The Repurchase Right expires at 5:00 p.m., New York City time, on Wednesday, January 31, 2024.
The Repurchase Right entitles each holder of the Notes to require the Company to repurchase all of such holder’s Notes or any portion thereof that is an integral multiple of US$1,000 principal amount.
If all outstanding Notes are surrendered for repurchase through exercise of the Repurchase Right, the aggregate cash purchase price will be US$301,448,000.00.
In order to exercise the Repurchase Right, a holder must follow the transmittal procedures set forth in the Company’s Repurchase Right Notice to holders (the “Repurchase Right Notice”), which is available through the Depository Trust Company and The Deutsche Bank Trust Company Americas.

Tri Pointe Homes, Inc. Announces $250 Million Stock Repurchase Program

Retrieved on:

Thursday, December 21, 2023

TPH, Repurchase agreement

INCLINE VILLAGE, Nev., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE:TPH) today announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250 million of common stock through December 31, 2024 (the “Repurchase Program”), which replaces the stock repurchase program that the Board of Directors authorized in February 2023 (the “2023 Repurchase Program”).

Key Points:

INCLINE VILLAGE, Nev., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE:TPH) today announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250 million of common stock through December 31, 2024 (the “Repurchase Program”), which replaces the stock repurchase program that the Board of Directors authorized in February 2023 (the “2023 Repurchase Program”).
For the fourth quarter through December 19, 2023, under the 2023 Repurchase Program, the Company repurchased 1,836,177 shares of common stock at a weighted average price per share of $27.23 for an aggregate dollar amount of $50.0 million.
For the full year through December 19, 2023, under the 2023 Repurchase Program, the Company repurchased 6,301,275 shares of common stock at a weighted average price per share of $27.68 for an aggregate dollar amount of $174.4 million.
The Company is not obligated under the Repurchase Program to repurchase any specific number or dollar amount of shares of common stock, and it may modify, suspend, or discontinue the Repurchase Program at any time.

QuantaSing Announces Unaudited Financial Results for the First Quarter of Fiscal Year 2024

Retrieved on:

Wednesday, December 13, 2023

Marketing, Learning, Acquisition, Share repurchase, Research, Repurchase agreement, Growth, Investment, FY, American depositary receipt, Pharmaceutical industry

Revenues for the first quarter of FY 2024 were RMB869.1 million (US$119.1 million), representing an increase of 4.9% from the fourth quarter of the fiscal year ended June 30, 2023 (the “fourth quarter of FY 2023”) and an increase of 31.8% from the first quarter of the fiscal year ended June 30, 2023 (the “first quarter of FY 2023”).

Key Points:

Revenues for the first quarter of FY 2024 were RMB869.1 million (US$119.1 million), representing an increase of 4.9% from the fourth quarter of the fiscal year ended June 30, 2023 (the “fourth quarter of FY 2023”) and an increase of 31.8% from the first quarter of the fiscal year ended June 30, 2023 (the “first quarter of FY 2023”).
Net income for the first quarter of FY 2024 was RMB66.7 million (US$9.1 million), compared with RMB52.7 million in the fourth quarter of FY 2023, and a net loss of RMB97.3 million in the first quarter of FY 2023.
Adjusted net income2 for the first quarter of FY 2024 was RMB94.0 million (US$12.9 million), compared with RMB90.4 million in the fourth quarter of FY 2023, and an adjusted net loss of RMB50.9 million in the first quarter of FY 2023.
Paying learners increased by 18.2% year over year to approximately 0.3 million in the first quarter of FY 2024.

a.k.a. Brands Holding Corp. Announces Increase to Share Repurchase Program

Retrieved on:

Monday, December 18, 2023

Retail, Specialty, Fashion, Share repurchase, Repurchase agreement, Aka, Car rental

Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, today announced that its Board of Directors has authorized an increase of $3 million to its share repurchase program (the “Share Repurchase Program”), thereby increasing the total amount authorized for share repurchases to $5 million.

Key Points:

Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, today announced that its Board of Directors has authorized an increase of $3 million to its share repurchase program (the “Share Repurchase Program”), thereby increasing the total amount authorized for share repurchases to $5 million.
As of December 18, 2023, the Company has used approximately $2 million of the total amount authorized for share repurchases.
Repurchases by the Company are subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors.
There is no minimum number of shares that the company is required to repurchase and the Share Repurchase Program may be suspended or discontinued at any time without prior notice.

VNET Announces the Completion of US$299 Million Strategic Investment from Shandong Hi-Speed Holdings Group Limited and the Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026

Retrieved on:

Thursday, December 28, 2023

Depository Trust Company, FICC, Note, Attention, Citibank, CUSIP, PARTIES, Trust, Debt-to-GDP ratio, Repurchase agreement, VNET, Treasury, Greenwich Street, NOTES, The Company, Exercise, Security (finance)

Separately, the Company is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No.

Key Points:

Separately, the Company is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No.
The Repurchase Right entitles each holder of the Notes to require the Company to repurchase all of such holder's Notes, or any portion thereof that is an integral multiple of the US$1,000 principal amount.
Holders of the Notes should refer to the Indenture for a complete description of repurchase procedures.
Materials filed with the SEC will be available electronically without charge at the SEC's website, http://www.sec.gov .

Corebridge Financial Announces $150 Million Share Repurchase from AIG and Blackstone

Retrieved on:

Thursday, December 14, 2023

Professional Services, Insurance, Finance, International Marxist Group, Share repurchase, AIG, Corebridge Financial, American International Group, NYSE, Repurchase agreement, Blackstone Inc., Car rental, Security (finance)

Corebridge Financial, Inc. (NYSE: CRBG) (“Corebridge”) today announced that it entered into a share repurchase agreement (the “Share Repurchase Agreement”) with American International Group, Inc. (“AIG”) and an affiliate of Blackstone Inc. (“Blackstone”) on December 14, 2023, pursuant to which it will repurchase an aggregate of $150 million of Corebridge common stock (the “Share Repurchase”).

Key Points:

Corebridge Financial, Inc. (NYSE: CRBG) (“Corebridge”) today announced that it entered into a share repurchase agreement (the “Share Repurchase Agreement”) with American International Group, Inc. (“AIG”) and an affiliate of Blackstone Inc. (“Blackstone”) on December 14, 2023, pursuant to which it will repurchase an aggregate of $150 million of Corebridge common stock (the “Share Repurchase”).
Of the $150 million, approximately $135 million will be repurchased from AIG and approximately $15 million will be repurchased from Blackstone.
The Share Repurchase is expected to close on December 18, 2023, subject to customary closing conditions.
The purchase price paid by Corebridge was $21.75 per share, the closing price of Corebridge common stock on the New York Stock Exchange immediately prior to entry into the Share Repurchase Agreement.

New Mountain Finance Corporation Declares a Special Distribution and Announces the Extension of its Stock Repurchase Program

Retrieved on:

Wednesday, December 13, 2023

Banking, Professional Services, Finance, Repurchase agreement, NMFC, Uncertainty, Rule, Car rental, Ethics

In addition, the Company’s board of directors authorized an extension of a previously established stock repurchase program (the “Repurchase Program”).

Key Points:

In addition, the Company’s board of directors authorized an extension of a previously established stock repurchase program (the “Repurchase Program”).
Pursuant to the Repurchase Program, the Company can repurchase up to $50 million worth of its common stock at the discretion of NMFC’s management team.
The Repurchase Program was set to expire on December 31, 2023, but the Company’s board of directors elected to extend the Repurchase Program through December 31, 2024.
To date, approximately $2.9 million worth of repurchases have been made by the Company under the Repurchase Program.

Grupo Supervielle Reports 3Q23 Results

Retrieved on:

Monday, November 27, 2023

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and nine-months period ended September 30, 2023.

Key Points:

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and nine-months period ended September 30, 2023.
Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.
Commenting on third quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We are pleased to report another quarter with improved profitability and ROAE reaching 18.5% in real terms.
On an accumulated basis, we delivered solid results, with ROE in real terms improving to 13% from negative 5% in the year-ago period.

BlackRock Closed-End Funds Announce Renewal of Share Repurchase Programs

Retrieved on:

Wednesday, November 15, 2023

Asset Management, Professional Services, Finance, Share repurchase, BlackRock, Fund, Repurchase agreement, Security (finance)

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurchase Programs”).

Key Points:

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurchase Programs”).
Under each Fund’s current Repurchase Program, each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2022) in open market transactions.
Pursuant to the Boards’ renewal of the Repurchase Programs, commencing on December 1, 2023, each Fund may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2023) in open market transactions through November 30, 2024.
The Boards have authorized the renewal of a Repurchase Program for the following Funds:

Zhihu Inc. Reports Unaudited Third Quarter 2023 Financial Results

Retrieved on:

Wednesday, November 29, 2023

BEIJING, Nov. 29, 2023 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter ended September 30, 2023.

Key Points:

BEIJING, Nov. 29, 2023 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter ended September 30, 2023.
Total revenues were RMB1,022.2 million (US$140.1 million) in the third quarter of 2023, representing a 12.1% increase from the same period of 2022.
Net loss was RMB278.4 million (US$38.2 million) in the third quarter of 2023, narrowed by 6.5% from the same period of 2022.
"Our significant strides in commercialization and the vibrant dynamism across the Zhihu community once again drove sustainable business growth during the third quarter of 2023.