SAN JOSE, Calif., Aug. 18, 2017 /PRNewswire/ -- Flex (NASDAQ:
FLEX) today announced that on August 15,
2017, it received shareholder approval to purchase up to 20%
of its outstanding shares. Since the beginning of fiscal 2012
through the first quarter ended June 30,
2017, the Company repurchased approximately 298.8 million
shares for approximately $2.6 billion
and retired all of these shares.
Under the Company's current share repurchase program, the Board
of Directors authorized repurchases of its outstanding ordinary
shares for up to $500 million in
accordance with the share repurchase mandate approved by the
Company's shareholders at the date of the most recent Annual
General Meeting held on August 15, 2017.
Share repurchases, if any, will be made in the open market and
in compliance with SEC Rule 10b-18. The timing and actual
number of shares repurchased will depend on a variety of factors
including price, market conditions and applicable legal
requirements. The share repurchase program does not obligate
the Company to repurchase any specific number of shares and may be
suspended or terminated at any time without prior notice.
About Flex
Flex is the Sketch-to-Scale™ solutions provider
that designs and builds Intelligent Products for a
Connected World™. With approximately 200,000 professionals
across 30 countries, Flex provides innovative design, engineering,
manufacturing, real-time supply chain insight and logistics
services to companies of all sizes in various industries and
end-markets. For more information, visit flex.com or
follow us on Twitter @flexintl. Flex – Live
Smarter™
Renee
Brotherton
|
Kevin
Kessel
|
Corporate
Communications
|
Investor
Relations
|
(408)
576-7189
|
(408)
576-7985
|
renee.brotherton@flextronics.com
|
kevin.kessel@flextronics.com
|
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SOURCE Flex