Consequently, the buyback
committee has approved the closure of the buyback
with effect from August 26 prior to the expiry of six months from the commencement date, it added.
If the buyback
events continue at the same pace, the Government may end up with fewer than 50,000 firearms handed in.
With the board's approval, FPH will have the total amount of P5 billion available for further buybacks
The market regulators have continued to point out the virtues of a buyback
saying that they could be used to improve a company's earnings per share due to decrease in number of outstanding shares
This share buyback
programme will run from 30 April 2019 to 8 November 2019 at the latest, both days inclusive.
So, the board chose to modify the buyback
authorization in mid-2018.
Offer is not conditional on any minimum number of Shares being tendered.
The OnePlus Upgrade Program will cost buyers an additional Rs 199, and will offer them a maximum of 70% buyback
and a minimum of 40% buyback
on the purchase value of the OnePlus 6T smartphone.
ONGC said its board of directors approved "buyback
of equity shares of the company not exceeding 25.29 crore being 1.97 percent of the total paid-up equity shares of the company at the price of Rs 159 per equity share payable in cash for an aggregate consideration not exceeding Rs 4,022 crore".
Since there is no financial reporting to reflect the movement of the stock price and whether the buyback
is a good investment for shareholders compared to alternative use of the funds, shareholders have no basis to evaluate management's use of corporate cash or borrowed funds to effectuate the buyback
Lloyds (LSE: LLOY) is planning for a share buyback
programme, according to The Financial Times.
Dittmar (2000) and Grullon and Michaely (2004) observed companies buyback
their shares with numerous motives including to nullify the threat of takeover by competitors, promoting voting power of shareholders and returning surplus cash to shareholders, for injecting buoyancy into undervalue shares (Liao, Ke, & Yu, 2005), increasing earnings per share and many more.