share repurchase plan

Stock Repurchase Plan

1. See: Buyback.

2. See: Self-tender offer.

share repurchase plan

A corporation's plan for buying back a predetermined number of its own shares in the open market. Institution of a share repurchase plan derives from management's view that the company has limited outside investment opportunities and that its shares are undervalued. Repurchase of the shares will decrease the amount of outstanding capital stock, increase earnings per share, and, it is hoped, result in an increase in the price of the stock.
References in periodicals archive ?
17, 2014 /PRNewswire/ -- John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC, announced today that its Board of Trustees has renewed the Fund's share repurchase plan that is set to expire on December 31, 2014.
17, 2014 /PRNewswire/ -- John Hancock Premium Dividend Fund (NYSE: PDT) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC, announced today that its Board of Trustees has renewed the Fund's share repurchase plan that is set to expire on December 31, 2014.
In addition, Millicom will initiate a share repurchase plan of up to $300 million.
17, 2014 /PRNewswire/ -- John Hancock Financial Opportunities Fund (NYSE: BTO) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC, announced today that its Board of Trustees has renewed the Fund's share repurchase plan that is set to expire on December 31, 2014.
a) To authorise the Board of Directors, at any time between 26 May 2009 and the day of the 2010 AGM, provided the required levels of distributable reserves are met by Millicom at that time, to engage in a share repurchase plan of Millicom's shares (the "Share Repurchase Plan"), either directly or through a subsidiary or a third party, using its available cash reserves in an amount not exceeding the lower of (i) ten percent (10%) of Millicom's issued and outstanding share capital as of the date of the 2009 AGM (i.
17, 2014 /PRNewswire/ -- John Hancock Hedged Equity & Income Fund (NYSE: HEQ) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC, announced today that its Board of Trustees has renewed the Fund's share repurchase plan that is set to expire on December 31, 2014.
NASDAQ:INXI), a leading provider of Unified Communications and Data Center Virtualization solutions, announced today that its Board of Directors has approved the modification of its current share repurchase plan to increase the aggregate dollar amount of shares of its Common Stock that may be repurchased under the plan from $2 million to $4 million, and extending the period through which repurchases may be made to March 31, 2009.
NYSE: SAR) ("Saratoga Investment"), a business development company, today announced that its Board of Directors has adopted a new dividend policy to pay a regular quarterly cash dividend to its shareholders, a dividend reinvestment plan and a share repurchase plan.
Under the share repurchase plan, the Company is approved, but not obligated, to purchase its own ADSs, funded by capital of the Company on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time as market conditions warrant in the judgment of such person(s) authorized by the Company and in accordance with all applicable requirements of Rule 10b-18 under the U.
18, 2013 /PRNewswire/ -- John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC, announced today that its Board of Trustees has renewed the Fund's share repurchase plan that was set to expire on December 31, 2013.
The Share Repurchase Plan will be in effect through July 31, 2008, subject to certain price, volume and timing constraints specified in the Company 10b5-1 Plan.
18, 2013 /PRNewswire/ -- John Hancock Premium Dividend Fund (NYSE: PDT) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC, announced today that its Board of Trustees has approved a share repurchase plan.