Repurchase agreement

Tekla Healthcare Opportunities Fund Announces Renewal of Share Repurchase Program

Retrieved on: 
Thursday, March 19, 2020
Professional services, Health, Other Health, Finance, Financial markets, Finance, Money, Stock market, Investment funds, Share repurchase, Repurchase agreement, Closed-end fund, Share, Net asset value, Corporate finance

Tekla Healthcare Opportunities Fund (the Fund) announced today that its Board of Trustees authorized a renewal of its share repurchase program.

Key Points: 
  • Tekla Healthcare Opportunities Fund (the Fund) announced today that its Board of Trustees authorized a renewal of its share repurchase program.
  • The current share repurchase program allows the Fund to purchase in the open market up to 12% of its outstanding common shares for a one-year period ending July 14, 2020.
  • The share repurchase program is intended to increase the Funds net asset value per share and could also have the benefit of providing additional liquidity in the trading of shares.
  • Tekla Healthcare Opportunities Fund (NYSE: THQ) is a closed-end fund that invests in companies in the healthcare industry.

JinkoSolar Cumulatively Buys 200,000 ADSs Under Its Share Repurchase Program

Retrieved on: 
Thursday, March 19, 2020
Stock market, Share repurchase, Jinko Solar, ADSS, Repurchase agreement, Companies

JinkoSolar plans to continue to repurchase additional ADSs pursuant to this share repurchase program.

Key Points: 
  • JinkoSolar plans to continue to repurchase additional ADSs pursuant to this share repurchase program.
  • Under this share repurchase program, JinkoSolar is authorized to repurchase up to US$100 million of its ordinary shares represented by ADSs, from time to time in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, within the twelve months following March 12, 2020.
  • JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world.
  • These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements.

KFORCE BOARD INCREASES SHARE REPURCHASE AUTHORIZATION UP TO $100 MILLION; SECURES $100 MILLION OF FIXED RATE DEBT AT 1.86 PERCENT; ENTERS INTO A 10B5-1 TRADING PLAN EFFECTIVE THROUGH MAY 7, 2020

Retrieved on: 
Wednesday, March 18, 2020
Communication, Forward-looking statement, SEC Rule 10b-5, Repurchase agreement

We also entered into a corporate 10b5-1 trading plan, which allows us to repurchase stock through the duration of our current blackout period.

Key Points: 
  • We also entered into a corporate 10b5-1 trading plan, which allows us to repurchase stock through the duration of our current blackout period.
  • David L. Dunkel, Chairman and Chief Executive Officer, said, We believe these steps are just another signal of our financial strength and our belief in the long-term value of Kforce.
  • Kforce Inc. is a professional staffing services and solutions firm that specializes in the areas of Technology and Finance and Accounting.
  • Readers are cautioned not to place undue reliance on these forward-looking statements and the Firm undertakes no obligation to update any forward-looking statements.

Chimera Investment Corporation Provides Update on Financing Environment as of March 18, 2020

Retrieved on: 
Wednesday, March 18, 2020
Professional services, Health, Other Professional Services, Infectious diseases, Finance, Consulting, Banking, Video games, Branches of biology, Legendary creatures, Multiplayer online games, Chimera, Buyback, Repurchase agreement, Resistance: Fall of Man

In light of recent market events, Chimera Investment Corporation (Chimera or the Company) announced a $150 million common stock buyback on March 13th and through March 17th Chimera has repurchased $22 million of its common stock.

Key Points: 
  • In light of recent market events, Chimera Investment Corporation (Chimera or the Company) announced a $150 million common stock buyback on March 13th and through March 17th Chimera has repurchased $22 million of its common stock.
  • The Covid-19 Virus has caused disruptions, but Chimera has the technology in place for all employees to work remotely with little or no change in normal working patterns.
  • Chimera has rolled the financing of approximately $7.3 billion of collateral since March 1, 2020, including approximately $2.1 billion of collateral this week.
  • The Company undertakes no obligation to update or revise the information set forth in this press release.

PRIORITY INCOME FUND, INC. AUTHORIZES REPURCHASE OF PREFERRED STOCK

Retrieved on: 
Wednesday, March 18, 2020
Stock market, Equity securities, Corporate finance, Preferred stock, Stock, Repurchase agreement, Security

NEW YORK, March 18, 2020 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (the Company) today announced that the Companys board of directors has authorized the repurchase of up to $50 million worth of the outstanding shares of the Companys 6.375% Series A Term Preferred Stock due 2025, 6.25% Series B Term Preferred Stock due 2023, 6.625% Series C Term Preferred Stock due 2024, 7.00% Series D Term Preferred Stock due 2029, 6.375% Series E Term Preferred Stock due 2024, and 6.625% Series F Term Preferred Stock due 2027 (collectively, the Preferred Stock) in aggregate.

Key Points: 
  • NEW YORK, March 18, 2020 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (the Company) today announced that the Companys board of directors has authorized the repurchase of up to $50 million worth of the outstanding shares of the Companys 6.375% Series A Term Preferred Stock due 2025, 6.25% Series B Term Preferred Stock due 2023, 6.625% Series C Term Preferred Stock due 2024, 7.00% Series D Term Preferred Stock due 2029, 6.375% Series E Term Preferred Stock due 2024, and 6.625% Series F Term Preferred Stock due 2027 (collectively, the Preferred Stock) in aggregate.
  • The Company may, but is not obligated to, repurchase its outstanding Preferred Stock in the open market from time to time through six months from the date of this press release.
  • Priority Income Fund, Inc., is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations (CLOs).
  • This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

IDEX Corporation Announces Share Repurchase Authorization

Retrieved on: 
Wednesday, March 18, 2020
Other Manufacturing, Technology, Engineering, Other Energy, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Data management, Financial markets, Stock market, Finance, Financial economics, Corporate finance, Share repurchase, IEX, Stock exchange, Repurchase agreement, Stock

IDEX Corporation (NYSE: IEX) today announced its Board of Directors has approved an additional share repurchase authorization of up to $500 million of IDEXs outstanding common shares.

Key Points: 
  • IDEX Corporation (NYSE: IEX) today announced its Board of Directors has approved an additional share repurchase authorization of up to $500 million of IDEXs outstanding common shares.
  • The timing, volume and nature of share repurchases will be at the discretion of management, dependent on market conditions, other priorities of cash investment, applicable securities laws and other factors.
  • This share repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or discontinued at any time.
  • IDEX shares are traded on the New York Stock Exchange under the symbol IEX.

Akazoo Announces Share Repurchase Program and Special and Extraordinary General Meeting Results

Retrieved on: 
Wednesday, March 18, 2020
Stock market, Corporate finance, Equity securities, Economy, Share repurchase, Repurchase agreement, Stock

Shareholders approved a new share repurchase authorization of up to $5million and up to 1.0 million shares of the Company's common stock.

Key Points: 
  • Shareholders approved a new share repurchase authorization of up to $5million and up to 1.0 million shares of the Company's common stock.
  • Mr. Apostolos N. Zervos, Founder & CEO of Akazoo, said, "The Share Repurchase Program reflects the shareholders', board's and management's confidence in the fundamental and long-term potential of the Company's business.
  • Our Company exhibited revenue growth of approximately 30% in 2019, has a robust balance sheet with a strong cash position and no debt.
  • This enables us to continue to invest in our long-term sustainable growth, while driving additional value for shareholders through the repurchase program."

First Majestic Renews Share Repurchase Program

Retrieved on: 
Wednesday, March 18, 2020
Stock market, Finance, Financial economics, Money, Share repurchase, Repurchase agreement, Issuer, Stock

VANCOUVER, British Columbia, March 18, 2020 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (First Majestic or the Company) announces that its board of directors has approved the extension of its share repurchase program (the Share Repurchase) pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange (TSX) or alternative Canadian market places over the next 12 months.

Key Points: 
  • VANCOUVER, British Columbia, March 18, 2020 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (First Majestic or the Company) announces that its board of directors has approved the extension of its share repurchase program (the Share Repurchase) pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange (TSX) or alternative Canadian market places over the next 12 months.
  • Pursuant to the Share Repurchase, the Company proposes to repurchase up to 10,000,000 common shares of the Company which represents 4.77% of the 209,822,976 issued and outstanding shares of the Company as of March13, 2020.
  • In order to implement the Share Repurchase, First Majestic has received TSX approval of its notice of intention to make a normal course issuer bid.
  • All common shares purchased pursuant to the Share Repurchase will be cancelled.

Central Federal Corporation, Parent of CFBank, Announces Stock Repurchase Program

Retrieved on: 
Tuesday, March 17, 2020
Stock market, Corporate finance, Equity securities, Share repurchase, Repurchase agreement, Stock, Financial market

COLUMBUS, Ohio, March 17, 2020 /PRNewswire/ -- Central Federal Corporation (NASDAQ: CFBK) (the "Company") the parent of CFBank, announced that the Board of Directors of Central Federal Corporation (the "Company) has authorized a stock repurchase program pursuant to which the Company may repurchase up to 3% of the Company's outstanding common stock over the period ending September 30, 2020.

Key Points: 
  • COLUMBUS, Ohio, March 17, 2020 /PRNewswire/ -- Central Federal Corporation (NASDAQ: CFBK) (the "Company") the parent of CFBank, announced that the Board of Directors of Central Federal Corporation (the "Company) has authorized a stock repurchase program pursuant to which the Company may repurchase up to 3% of the Company's outstanding common stock over the period ending September 30, 2020.
  • Under the stock repurchase program, the Company may purchase shares of its common stock from time to time through various means, including open market transactions and privately negotiated transactions.
  • The repurchase program may be suspended or discontinued at any time.
  • Timothy T. O'Dell, President and CEO, commented "We believe our stock is a good value, and the Board's approval of this stock repurchase program reflects confidence in our Company's intrinsic value.

JD Announces US$2.0 Billion Share Repurchase Program

Retrieved on: 
Tuesday, March 17, 2020
Share repurchase, Stock market, JD.com, Repurchase agreement, Financial markets, Companies

(NASDAQ: JD), Chinas leading technology driven e-commerce company and retail infrastructure service provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$2.0billion of its shares over the next 24 months.

Key Points: 
  • (NASDAQ: JD), Chinas leading technology driven e-commerce company and retail infrastructure service provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$2.0billion of its shares over the next 24 months.
  • The Companys board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
  • JD.comis a leading technology driven e-commerce company transforming to become the leading supply chain based technology and service provider.
  • The companys cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it.