IHS Announces Share Repurchase Program
January 22 2015 - 8:00AM
Business Wire
IHS Inc. (NYSE: IHS), a leading global source of critical
information and insight, today announced that its Board of
Directors has approved a $100 million program to repurchase IHS
Class A common stock.
IHS may repurchase shares in open market purchases or through
privately negotiated transactions in compliance with Rule 10b-18 of
the Securities Exchange Act of 1934, subject to market conditions,
applicable legal requirements and other relevant factors.
The repurchase program does not obligate IHS to repurchase any
dollar amount or number of shares and will expire on November 30,
2015, but it may be suspended at any time at the company’s
discretion. All previously announced repurchase programs have been
terminated.
“The strength of our cash flow allows us to acquire shares at an
attractive return while continuing to execute our growth strategy
within our target capital structure,” said Scott Key, IHS president
and CEO. “Along with our board of directors, we will continually
consider opportunities that allow us to deliver value to our
shareholders as we continue to scale our business and grow our cash
flow.”
This press release is neither an offer to purchase nor a
solicitation of an offer to sell any securities.
IHS Forward-Looking Statements:
This release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as: “anticipate,”
“intend,” “plan,” “goal,” “seek,” “aim,” “strive,” “believe,”
“project,” “predict,” "estimate," "expect," “continue,” "strategy,"
"future," "likely," "may," “might,” "should," "will," the negative
of these terms and similar references to future periods. Examples
of forward-looking statements include, among others, statements we
make regarding guidance relating to net income, net income per
share, and expected operating results, such as revenue growth and
earnings.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: economic and financial
conditions, including volatility in interest and exchange rates;
our ability to manage system failures, capacity constraints, and
cyber risks; our ability to successfully manage risks associated
with changes in demand for our products and services as well as
changes in our targeted industries; our ability to develop new
platforms to deliver our products and services, pricing, and other
competitive pressures, and changes in laws and regulations
governing our business; the extent to which we are successful in
gaining new long-term relationships with customers or retaining
existing ones and the level of service failures that could lead
customers to use competitors' services; our ability to successfully
identify and integrate acquisitions into our existing businesses
and manage risks associated therewith; our ability to satisfy our
debt obligations and our other ongoing business obligations; and
the other factors described under the caption “Risk Factors” in our
most recent annual report on Form 10-K, along with our other
filings with the U.S. Securities and Exchange Commission.
Any forward-looking statement made by us in this release is
based only on information currently available to us and speaks only
as of the date on which it is made. We undertake no obligation to
publicly update any forward-looking statement, whether written or
oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
Please consult our public filings at www.sec.gov or www.ihs.com.
About IHS
(www.ihs.com)
IHS (NYSE: IHS) is the leading source of insight, analytics and
expertise in critical areas that shape today’s business landscape.
Businesses and governments in more than 150 countries around the
globe rely on the comprehensive content, expert independent
analysis and flexible delivery methods of IHS to make high-impact
decisions and develop strategies with speed and confidence. IHS has
been in business since 1959 and became a publicly traded company on
the New York Stock Exchange in 2005. Headquartered in Englewood,
Colorado, USA, IHS is committed to sustainable, profitable growth
and employs about 8,800 people in 32 countries around the
world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners. © 2015
IHS Inc. All rights reserved.
IHS Inc.News Media Contact:Dan Wilinsky,
+1-303-397-2468dan.wilinsky@ihs.comorInvestor Relations
Contact:Eric Boyer, +1-303-397-2969eric.boyer@ihs.com
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