Exela Technologies, Inc. Announces Share Buyback Program of up to 10 Million Shares of Common Stock
August 11 2022 - 9:00AM
Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA,
XELAP), a business process automation (“BPA”) leader, announced
today a share buyback program of up to 10 Million shares of Common
Stock.
On August 10, 2022, the Company’s Board of
Directors authorized a share buyback program (the “Share Buyback
Program”), pursuant to which the Company may, from time to time,
purchase up to 10 million shares of its common stock. Share
repurchases may be executed through various means, including,
without limitation, open market transactions, privately negotiated
transactions, block trades or pursuant to a trading plan. The
decision as to whether to purchase any shares and the timing of
purchases, if any, will be based on the price of the Company’s
common stock, general business and market conditions, applicable
legal requirements and other investment considerations and factors.
The Share Buyback Program does not obligate the Company to purchase
any shares and expires in 24 months. The Share Buyback Program may
be terminated or amended by the Company’s Board of Directors in its
discretion at any time.
For more Exela news, commentary, and industry
perspectives,
visit: https://investors.exelatech.com/
And please follow us on
social:
Twitter: https://twitter.com/exelatech
LinkedIn:
https://www.linkedin.com/company/exela-technologies
Facebook: https://www.facebook.com/exelatechnologies/
Instagram: https://www.instagram.com/exelatechnologies
The information posted on the Company's website
and/or via its social media accounts may be deemed material to
investors. Accordingly, investors, media and others interested in
the Company should monitor the Company's website and its social
media accounts in addition to the Company's press releases, SEC
filings and public conference calls and webcasts.
About Exela Exela Technologies
is a business process automation (BPA) leader, leveraging a global
footprint and proprietary technology to provide digital
transformation solutions enhancing quality, productivity, and
end-user experience. With decades of experience operating
mission-critical processes, Exela serves a growing roster of more
than 4,000 customers throughout 50 countries, including over 60% of
the Fortune® 100. Utilizing foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry, departmental solution suites addressing finance and
accounting, human capital management, and legal management, as well
as industry-specific solutions for banking, healthcare, insurance,
and the public sector. Through cloud-enabled platforms, built on a
configurable stack of automation modules, and approximately 17,000
employees operating in 21 countries, Exela rapidly deploys
integrated technology and operations as an end-to-end digital
journey partner.
Forward-Looking Statements
Certain statements included in this press
release are not historical facts but are forward-looking statements
for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "may",
"should", "would", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", "seem", "seek", "continue",
"future", "will", "expect", "outlook" or other similar words,
phrases or expressions. These forward-looking statements include
statements regarding our industry, future events, estimated or
anticipated future results and benefits, future opportunities for
Exela, and other statements that are not historical facts. These
statements are based on the current expectations of Exela
management and are not predictions of actual performance. These
statements are subject to a number of risks and uncertainties,
including without limitation those discussed under the heading
"Risk Factors" in Exela's Annual Report and other securities
filings. In addition, forward-looking statements provide Exela's
expectations, plans or forecasts of future events and views as of
the date of this communication. Exela anticipates that subsequent
events and developments will cause Exela's assessments to change.
These forward-looking statements should not be relied upon as
representing Exela's assessments as of any date subsequent to the
date of this press release.
Investor and/or Media Contacts:
Vincent Kondaveeti
E:
vincent.kondaveeti@exelatech.com
Mary Beth Benjamin
E: IR@exelatech.com
Exela Technologies (NASDAQ:XELA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Exela Technologies (NASDAQ:XELA)
Historical Stock Chart
From Apr 2023 to Apr 2024