Willis Towers Watson Increases Share Repurchase Program by $1 Billion; Announces Investor Day in September
July 26 2021 - 8:32AM
Willis Towers Watson (NASDAQ:WLTW), a leading global advisory,
broking and solutions company, announced that its Board of
Directors approved an increase of $1 billion to its existing
share repurchase program, which has approximately $500
million remaining on the current open-ended repurchase
authority. Willis Towers Watson is authorized to repurchase shares,
by way of redemption, and will consider whether to do so from time
to time, based on many factors, including market and economic
conditions, applicable legal requirements and other business
considerations. Willis Towers Watson anticipates utilizing this
authorization in 2021 and 2022. The share repurchase program has no
termination date and may be suspended or discontinued at any time.
Willis Towers Watson also expects to utilize the significant
capital generated by cash flow from operating and non-operating
activities to, among other things, increase its investment in
organic and inorganic growth opportunities over the next three
years.
To discuss the above and to update investors on other important
strategic matters, Willis Towers Watson plans to host an Investor
Day on September 9, 2021. Specific details for that event will be
announced at a later date.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global
advisory, broking and solutions company that helps clients around
the world turn risk into a path for growth. With roots dating to
1828, Willis Towers Watson has 46,000 employees serving
more than 140 countries and markets. We design and deliver
solutions that manage risk, optimize benefits, cultivate talent,
and expand the power of capital to protect and strengthen
institutions and individuals. Our unique perspective allows us to
see the critical intersections between talent, assets and ideas —
the dynamic formula that drives business performance. Together, we
unlock potential. Learn more at willistowerswatson.com.
CONTACT
INVESTORSClaudia De La
Hoz | claudia.delahoz@willistowerswatson.com
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10-Q for the quarter ended March 31, 2021 for a further discussion
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