SAN JOSE, Calif., Aug. 21, 2018 /PRNewswire/ -- Flex (NASDAQ: FLEX)
today announced that it received shareholder approval to purchase
up to 20% of its outstanding shares during its Annual General
Meeting held on August 16, 2018.
Since the beginning of the Company's share repurchase program
commencing in the first quarter of fiscal 2011, through the first
quarter of fiscal 2019 ended June 29,
2018, the Company has repurchased approximately 370.6
million shares for approximately $3.1
billion and retired all of these shares.
Under the Company's currently approved 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.
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 Ltd. (Reg. No. 199002645H) 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®
Contacts
Investors & Analysts
Kevin Kessel, CFA
(408) 576-7985
kevin.kessel@flex.com
Media & Press
Paul Brunato
(408) 576-7534
paul.brunato@flex.com
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SOURCE Flex