Buyback

EQS-News: PJSC Mechel : Mechel Reports Decisions of the Board of Directors

Thursday, June 4, 2020 - 5:04pm

Moscow, Russia - June 4, 2020 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports the decisions made by its Board of Directors at a meeting held on June 4, 2020.

Key Points: 
  • Moscow, Russia - June 4, 2020 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports the decisions made by its Board of Directors at a meeting held on June 4, 2020.
  • Mechel PAO's Board of Directors determined the repurchase price of Mechel PAO's ordinary shares as based on the volume-weighted average price calculated according to the results of on-exchange trading over the six months prior to the date of the decision to hold the annual shareholder meeting, which will take place on June 30, 2020.
  • The repurchase price of Mechel PAO's ordinary shares is set at 80 rubles 57 kopeks per share.
  • The Board of Directors also determined the order of exercising the right to demand share buyback for Mechel PAO's shareholders.

Ahold Delhaize share buyback update

Tuesday, June 2, 2020 - 7:00am

Zaandam, the Netherlands, June 2, 2020 Ahold Delhaize has repurchased 622,003 of Ahold Delhaize common shares in the period from May 25, 2020 up to and including May 29, 2020.

Key Points: 
  • Zaandam, the Netherlands, June 2, 2020 Ahold Delhaize has repurchased 622,003 of Ahold Delhaize common shares in the period from May 25, 2020 up to and including May 29, 2020.
  • The shares were repurchased at an average price of 22.41 per share for a total consideration of 13.94 million.
  • These repurchases were made as part of the 1 billion share buyback program announced on December 4, 2019.
  • The total number of shares repurchased under this program to date is 21,909,656 common shares for a total consideration of 473 million.

PDL Community Bancorp Announces Share Repurchase Program

Friday, May 29, 2020 - 10:26pm

NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the Company) announced today that its Board of Directors has adopted a share repurchase program intended to enhance shareholder value effective June 1, 2020.

Key Points: 
  • NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the Company) announced today that its Board of Directors has adopted a share repurchase program intended to enhance shareholder value effective June 1, 2020.
  • Under the repurchase program, the Company may repurchase up to 864,987 shares of its common stock, or approximately 5% of the current outstanding shares.
  • The repurchase program may be suspended or terminated at any time without prior notice, and it will expireno later than November 30, 2020.
  • PDL Community Bancorp is the financial holding company for Ponce Bank.

Logitech Announces New Share Buyback Program And Proposed FY20 Dividend

Thursday, May 28, 2020 - 12:00am

The Companys board of directors has approved a new, three-year share buyback program, which authorizes the Company to use up to $250 million to repurchase its shares.

Key Points: 
  • The Companys board of directors has approved a new, three-year share buyback program, which authorizes the Company to use up to $250 million to repurchase its shares.
  • The new program is expected to begin following approval from the Swiss Takeover Board and replaces the Companys prior buyback program that expired in April 2020.
  • Together with the new share buyback program, this demonstrates the Companys continued commitment to consistently return cash to shareholders.
  • Brands of Logitech include Logitech , Logitech G , ASTRO Gaming , Streamlabs , Ultimate Ears , Jaybird and Blue Microphones .

Mid-Southern Bancorp, Inc. Announces Adoption of an Additional Stock Repurchase Program

Wednesday, May 27, 2020 - 3:47pm

SALEM, Ind., May 27, 2020 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (NASDAQ - MSVB) (Company), the holding company for Mid-Southern Savings Bank, FSB (Bank), announced today that its Board of Directors has adopted an additional stock repurchase program.

Key Points: 
  • SALEM, Ind., May 27, 2020 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (NASDAQ - MSVB) (Company), the holding company for Mid-Southern Savings Bank, FSB (Bank), announced today that its Board of Directors has adopted an additional stock repurchase program.
  • Under the new repurchase program, the Company may repurchase an additional 171,000 shares of its common stock, or approximately 5% of the current outstanding shares.
  • The Company repurchased 164,100 shares of its outstanding common stock at an average price of $12.13 per share under its stock repurchase plan it adopted on July 29, 2019.
  • There are currently 14,160 shares remaining to be purchased under the previous stock repurchase plan in addition to the 171,000 shares approved today by its Board of Directors.

Bloomberg Reports Possibility of Cash-For-Clunkers Program Returning in 2020

Wednesday, May 27, 2020 - 3:00pm

The program lasted for 2 months and cost the government $3 billion, but resulted in a stimulus of about $14 billion overall.

Key Points: 
  • The program lasted for 2 months and cost the government $3 billion, but resulted in a stimulus of about $14 billion overall.
  • A similar program now could mitigate the impact on consumers of the upcoming recession caused by the coronavirus crisis.
  • If a vehicle buyback program was instilled, it would have to be for much more than the previous program.
  • Junk car buyers, such as Junk Car Traders , can stand to benefit from this program as the primary middleman for towing junk vehicles.

Norwegian Energy Company ASA: Buyback of Own Shares

Tuesday, May 26, 2020 - 5:27pm

OSLO, Norway, May 26, 2020 /PRNewswire/ -- Reference is made to the stock market announcement on 27 February 2020, where Norwegian Energy Company ASA ("Noreco" or the "Company") announced an initiation of a share buyback programme of up to 160,000 of its own shares.

Key Points: 
  • OSLO, Norway, May 26, 2020 /PRNewswire/ -- Reference is made to the stock market announcement on 27 February 2020, where Norwegian Energy Company ASA ("Noreco" or the "Company") announced an initiation of a share buyback programme of up to 160,000 of its own shares.
  • Noreco has on 26 May 2020 purchased 10,000 of its own shares at an average price of NOK 144.9724 per share.
  • After this transaction the Company holds a total of 355,917 own shares.
  • The information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Ahold Delhaize share buyback update

Tuesday, May 26, 2020 - 7:00am

Zaandam, the Netherlands, May 26, 2020 Ahold Delhaize has repurchased 635,000 of Ahold Delhaize common shares in the period from May 18, 2020 up to and including May 22, 2020.

Key Points: 
  • Zaandam, the Netherlands, May 26, 2020 Ahold Delhaize has repurchased 635,000 of Ahold Delhaize common shares in the period from May 18, 2020 up to and including May 22, 2020.
  • The shares were repurchased at an average price of 22.44 per share for a total consideration of 14.3 million.
  • These repurchases were made as part of the 1 billion share buyback program announced on December 4, 2019.
  • This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(2) of the EU Regulation that contains technical standards for buyback programs.

DGAP-News: Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program

Friday, May 22, 2020 - 10:01am

Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program

Key Points: 
  • Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program
    The issuer is solely responsible for the content of this announcement.
  • Frankfurt, 22 May 2020 - For the implementation of this year's employee participation program the Executive Board of Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) decided to buy back own shares through the stock exchange.
  • The share buyback complies with rules and regulations set forth in Sec.
  • It serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide.

2020 Fortuna Buyback ROI Report Release date: May 26, 2020

Tuesday, May 19, 2020 - 5:00pm

We observed a significant increase in buyback spending relative to other uses of capital, including organic investment, cash acquisitions, and dividends.

Key Points: 
  • We observed a significant increase in buyback spending relative to other uses of capital, including organic investment, cash acquisitions, and dividends.
  • For the first time, more than half of the analyzed companies demonstrated good buyback timing; though nearly half bought back more stock at high prices.
  • We launch the "Fortuna Buyback Fitness Test" to determine a company's overall suitability for buybacks.
  • We present the 2020 Fortuna Buyback ROI Report in the context of a larger debate over the efficacy and ethics of share buybacks.