Repurchase agreement

Steel Partners Holdings Reports Third Quarter Financial Results and Declares Quarterly Distribution on its Series A Preferred Units

Retrieved on: 
Thursday, November 9, 2023
Other Professional Services, Asset Management, Professional Services, Finance, Tax, Financial services, Supply chain, CRT, Steel Connect, Repurchase agreement, Energy, EBITDA, Partnership, E series of preferred numbers, Capital expenditure, Associate company, Building material, Investment, Service provider, Financial services in Japan, ERP, Marketing, Retail, Cryptocurrency, Life insurance, Airline, Corporation

SG&A for the nine months ended September 30, 2023 increased $95,653, or 34.1%, as compared to the same period last year.

Key Points: 
  • SG&A for the nine months ended September 30, 2023 increased $95,653, or 34.1%, as compared to the same period last year.
  • The Company's effective tax rate was (1.4)% and 29.4% for the nine months ended September 30, 2023 and 2022, respectively.
  • The fluctuations for these periods were primarily due to the changes in fair value of the Company's investment in Steel Connect.
  • As of September 30, 2023, there were approximately 969,632 common units that may yet be purchased under the Repurchase Program.

KBR Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
People Get Ready (The Impressions album), Nine Months, Sale, ASC, Three Months, Science, KBR, Repurchase agreement, EBITDA, Growth, EPS, United States House Committee on Science, Space, and Technology, Capital, Airline, Bookkeeping, Rare-earth element, Music, Security (finance), Adjustment

HOUSTON, Nov. 2, 2023 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) today announced its third quarter 2023 financial results.

Key Points: 
  • Diluted earnings per share decreased in line with the decrease in net income attributable to KBR.
  • Adjusted earnings per share2 increased in line with Net income attributable to KBR ex-Nonrecurring Charges2.
  • Refer to Note 18 "Cash Election and Repurchase of Convertible Notes" in our Form 10-Q for the quarter ended September 29, 2023 for further details.
  • The table below summarizes fiscal 2023 guidance and represents our views as of November 2, 2023.

Expro Group Holdings N.V. Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Alternative Energy, Energy, Oil, Gas, Offshore Technology Conference, TRS, Public expenditure, Pressure, Segment, Central Time, Natural gas, Insurance, ESSA, Tax, Alexander Forbes Group Holdings, GAAP, Acquisition, Maintenance, Intervention, NLA, Distribution, Repurchase agreement, Conference, Brazil, Facility, Growth, DNB ASA, NYSE, EBITDA, Nature, LWI, PRT, WOC, MENA, Cryptocurrency, Video game, Beauty salon, Fine chemical, Bank, Adjustment, Expro, Kinley

Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) today reported financial and operational results for the three and nine months ended September 30, 2023.

Key Points: 
  • Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) today reported financial and operational results for the three and nine months ended September 30, 2023.
  • Adjusted EBITDA margin for the third quarter of 2023 and second quarter of 2023 was 14% and 18%, respectively.
  • Unless otherwise noted, the following discussion compares the quarterly results for the third quarter of 2023 to the results for the second quarter of 2023.
  • Expro’s provision for income taxes for both the third quarter of 2023 and the second quarter of 2023 was approximately $13 million.

BlackRock Enhanced Government Fund, Inc. Announces Upcoming Repurchase Offer

Retrieved on: 
Friday, October 6, 2023
Asset Management, Professional Services, Finance, EGF, CUSIP, Repurchase agreement, Computershare, NYSE, Fund, NAV, Closed-end fund, Security (finance), Cryptocurrency, Share (finance)

Today, BlackRock Enhanced Government Fund, Inc. (the "Fund") (NYSE: EGF, CUSIP: 09255K108) announced that the annual offer to repurchase outstanding shares of common stock (the "Shares") from its stockholders (the "Repurchase Offer") will commence on October 13, 2023.

Key Points: 
  • Today, BlackRock Enhanced Government Fund, Inc. (the "Fund") (NYSE: EGF, CUSIP: 09255K108) announced that the annual offer to repurchase outstanding shares of common stock (the "Shares") from its stockholders (the "Repurchase Offer") will commence on October 13, 2023.
  • The Repurchase Offer is scheduled to expire on November 14, 2023, unless extended, with payment for the Shares repurchased to be made on or before November 22, 2023.
  • The Fund has established a record date of September 29, 2023 solely for the purpose of identifying stockholders eligible to receive Repurchase Offer materials.
  • For client-specific information regarding the Repurchase Offer, please contact your broker or financial advisor, or in the case of registered stockholders, Computershare Trust Company, N.A., which will act as the Depositary Agent in connection with the Repurchase Offer.

Smart Share Global Limited Announces Extension of Share Repurchase Program and Changes to Management Team

Retrieved on: 
Monday, September 18, 2023
Repurchase agreement, Share repurchase, Research, Growth, Management

SHANGHAI, China, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Smart Share Global Limited (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced the extension of its share repurchase program and changes to management team.

Key Points: 
  • SHANGHAI, China, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Smart Share Global Limited (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced the extension of its share repurchase program and changes to management team.
  • The Company’s board of directors (the “Board”) authorized a further 12-month extension to its existing share repurchase program (the “Share Repurchase Program”) through September 27, 2024.
  • On September 28, 2022, the Company announced that the Share Repurchase Program was extended through September 27, 2023 as authorized by the Board.
  • The extension of the share repurchase program reiterates our confidence in the outlook of Energy Monster, as we remain committed to delivering value for our stakeholders.”

IBEX Announces $30 Million Share Repurchase Program

Retrieved on: 
Monday, September 18, 2023
Ibex, OTC Bulletin Board, Security (finance), Share repurchase, Repurchase agreement, Car rental

The board of directors (the “Board”) has authorized a share repurchase plan under which the Company may repurchase up to $30 million of its shares over the next 6 months (the “Share Repurchase Program”).

Key Points: 
  • The board of directors (the “Board”) has authorized a share repurchase plan under which the Company may repurchase up to $30 million of its shares over the next 6 months (the “Share Repurchase Program”).
  • “This share repurchase program reflects the Board’s and Management’s strong confidence in ibex, the value that has been created and the growth trajectory we see for our business over the long term,” said ibex Chief Executive Officer Bob Dechant.
  • The Board will review the Share Repurchase Program periodically and may authorize adjustment of its terms and size or suspend or discontinue the program.
  • The repurchase program does not obligate the Company to acquire any particular amount of ordinary shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.

Vasta Announces Share Repurchase Program

Retrieved on: 
Thursday, September 14, 2023
Other Education, Technology, Primary, Secondary, Software, Education, Repurchase agreement, Share repurchase, Securities and Exchange Commission (Nigeria), VSTA, Security (finance), Car rental, Vasta

Vasta Platform Limited, or Vasta (Nasdaq: VSTA), today announced that its Board of Directors has approved a share repurchase program, or the Repurchase Program.

Key Points: 
  • Vasta Platform Limited, or Vasta (Nasdaq: VSTA), today announced that its Board of Directors has approved a share repurchase program, or the Repurchase Program.
  • Under the Repurchase Program, Vasta may repurchase up to US$12.5 million in Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on September 18, 2023, continuing until the earlier of the completion of the repurchase or September 30, 2024, depending upon market conditions.
  • Vasta’s Board of Directors will review the Repurchase Program periodically and may authorize adjustments to its terms and size or suspend or discontinue the Repurchase Program.
  • Vasta expects to utilize its existing funds to fund repurchases made under the Repurchase Program.

Warrior Met Coal Announces Expiration and Results of Concurrent Tender Offers For its 7.875% Senior Secured Notes Due 2028

Retrieved on: 
Friday, September 8, 2023
Other Energy, Natural Resources, Coal, Energy, Steel, Other Natural Resources, Mining, Minerals, Manufacturing, 2021–2023 Warrior Met Coal strike, Note, Senior, Repurchase agreement, Tender offer, Expiration date, RP, Capital allocation line, Goldman Sachs, Expiration, Share repurchase, Policy, NYSE, HCC, Offers, Payment, Personal Information Agent, Restricted, Security (finance), Cryptocurrency

The Offers expired at 5:00 P.M., New York City time, on September 7, 2023 (such date and time, the “Expiration Date”).

Key Points: 
  • The Offers expired at 5:00 P.M., New York City time, on September 7, 2023 (such date and time, the “Expiration Date”).
  • As of the Expiration Date, $200,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn pursuant to the Restricted Payment Offer.
  • King & Co., Inc. acted as the Tender Agent and Information Agent with respect to the Restricted Payment Offer.
  • As of the Expiration Date, $294,770,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn pursuant to the Tender Offer.

TriNet Group, Inc. Announces Final Results of its Fixed Price Tender Offer

Retrieved on: 
Thursday, August 31, 2023
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The Tender Offer expired at 12:00 midnight, New York City time, at the end of the day on August 28, 2023 (the "Expiration Date").

Key Points: 
  • The Tender Offer expired at 12:00 midnight, New York City time, at the end of the day on August 28, 2023 (the "Expiration Date").
  • Based on the final count by Computershare Trust Company, N.A., the depositary for the Tender Offer (the "Depositary"), a total of 11,486,010 shares were properly tendered and not properly withdrawn in the Tender Offer.
  • In accordance with the terms and conditions of the Tender Offer, the Company has accepted for purchase 5,981,308 shares in the Tender Offer.
  • The information in this press release describing the Tender Offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares in the Tender Offer.

TriNet Group, Inc. Announces Preliminary Results of its Fixed Price Tender Offer

Retrieved on: 
Tuesday, August 29, 2023
Computershare, SMA, Share, Partnership, Shareholder, Repurchase agreement, Tender offer, Share repurchase, Expiration date, BofA Securities, Morgan Stanley, Bangladesh Securities and Exchange Commission, TriNet, Expiration, Tender, Mini-tender offer, Hand, NYSE, Cryptocurrency, Security (finance), Purchasing

The Tender Offer expired at 12:00 midnight, New York City time, at the end of the day on August 28, 2023 (the "Expiration Date").

Key Points: 
  • The Tender Offer expired at 12:00 midnight, New York City time, at the end of the day on August 28, 2023 (the "Expiration Date").
  • In accordance with the terms and conditions of the Tender Offer, and based on the preliminary count by the Depositary, the Company expects to acquire 5,981,308 shares in the Tender Offer.
  • The number of shares to be purchased in the Tender Offer and the Share Repurchase is preliminary and subject to change.
  • The information in this press release describing the Tender Offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares in the Tender Offer.