TDCX Announces US$30 Million Share Repurchase Program Highlighting Confidence in Growth
March 14 2022 - 7:23AM
Business Wire
TDCX Inc. (NYSE: TDCX), a leading high-growth digital customer
experience solutions provider for technology and blue-chip
companies, today announced that its board of directors has
authorized a US$30 million share repurchase program. The repurchase
program has no expiration date and may be suspended, modified or
discontinued at any time without prior notice.
TDCX aims to enhance shareholder return through the share
repurchase program. The Company expects to fund repurchases under
this program with its existing cash balance.
The Company's proposed repurchases may be made from time to time
on the open market at prevailing market prices, in privately
negotiated transactions, in block trades, and/or through other
legally permissible means, depending on market conditions and in
accordance with applicable rules and regulations and its insider
trading policy. The Company's board of directors will review the
share repurchase program periodically and may authorize adjustment
of its terms and size.
About TDCX Inc.
TDCX provides transformative digital CX solutions, enabling
world-leading and disruptive brands to acquire new customers, to
build customer loyalty and to protect their online communities.
TDCX helps clients achieve their customer experience aspirations
by harnessing technology, human intelligence and its global
footprint. It serves clients in fintech, gaming, technology, home
sharing and travel, digital advertising and social media, streaming
and e-commerce. TDCX’s expertise and strong footprint in Asia has
made it a trusted partner for clients, particularly high-growth,
new economy companies, looking to tap the region’s growth
potential.
TDCX’s commitment to delivering positive outcomes for our
clients extends to its role as a responsible corporate citizen. Its
Corporate Social Responsibility program focuses on positively
transforming the lives of its people, its communities and the
environment.
TDCX employs more than 14,000 employees across 26 campuses
globally, specifically Singapore, where it is headquartered and
Malaysia, Thailand, Philippines, Mainland China, Hong Kong, South
Korea, Japan, India, Romania, Spain and Colombia. For more
information, please visit: www.tdcx.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. The Company may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(the “SEC”), in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about the
Company’s beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
performance of TDCX’s largest clients; the successful
implementation of its business strategy; its ability to compete
effectively; its ability to maintain its pricing, control costs or
continue to grow its business; the effects of the novel coronavirus
(COVID-19) on its business; the continued service of its founder
and certain of its key employees and management; its ability to
attract and retain enough highly trained employees; its exposure to
various risks in Southeast Asia; its contractual relationship with
key clients; clients and prospective clients’ spending on
omnichannel CX solutions; its spending on employee salaries and
benefits expenses; and its involvement in any disputes, legal,
regulatory, and other proceedings arising out of its business
operations. Further information regarding these and other risks is
included in the Company’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and the Company undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220314005336/en/
For enquiries, please contact:
Investors / Analysts: Jason Lim +65-9799-6550
lim.jason@tdcx.com
Media: Eunice Seow +65-8432-8388 eunice.seow@tdcx.com
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