Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Posts Tagged ‘repurchase’

Eros International Plc Announces Share Repurchase Program

Posted by fidest press agency su martedì, 11 giugno 2019

Eros International Plc (NYSE:EROS), a Global Indian Entertainment Company, today provided the following statement from Group Chairman and CEO of Eros International Kishore Lulla:
“We are very excited to announce that our Eros Now platform has risen to 18.8 million paid subscribers and 154.7 million registered users as of March 31, 2019, far exceeding our target for the full fiscal year 2019 of 16 million subscribers. This represents a 138% increase in paid subscribers over the past 12 months and an 18% increase over the prior quarter.Our success in building our subscriber base will further increase the visibility of our earnings and move the company towards a more annuity-based business model which will deliver continuing and profitable growth.Additionally, I am pleased to inform shareholders that we now have a strong financial and operating position and our management team are making it a priority to work with CARE Ratings, the regulatory agency, to have our credit rating revised upwards in due course.
Group Financial Officer and President of North America Prem Parameswaran added, “Eros has a strong liquidity profile and healthy balance sheet with no meaningful near-term debt maturities. As of March 31st, 2019, we had over $135 million of cash and cash equivalents1 on our balance sheet and our net debt position was $145 million (unaudited figures).
Since the company went public in 2013 Eros has invested over $1.2 billion in content and generated over $970 million in operating cash flow from operations. As a result of this sustained and prudent investment, Eros has one of the largest libraries of Indian films in the world including over 12,000 digital rights.
The Eros Board of Directors believes the equity value of Eros International PLC is seriously undervalued in the public markets and accordingly, the Board has approved a share buyback program of up to $20 million of outstanding common shares.

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JMP Group Announces Extension of Share Repurchase Program

Posted by fidest press agency su mercoledì, 24 aprile 2019

JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that its board of directors has extended the term of the company’s share repurchase program through June 30, 2019.The current repurchase program was initially authorized on December 13, 2017, and allowed for the repurchase of up to one million of JMP Group’s outstanding common shares during 2018. On December 3, 2018, the company’s board of directors extended the repurchase program through April 30, 2019. As of the close of the market on April 18, 2019, 132,395 of the company’s common shares remained to be repurchased. With the further extension of the existing program, those shares are now eligible to be repurchased through June 30, 2019. Under the company’s repurchase program, JMP Group may purchase its common shares from time to time in the open market or through privately negotiated transactions. The timing, volume and nature of any common share repurchases will be at the sole discretion of management, will be dependent on market conditions, applicable securities laws and other factors, and may be suspended or discontinued at any time.

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Pacific Enterprise Bancorp Announces Commencement of Stock Repurchase Program

Posted by fidest press agency su martedì, 26 marzo 2019

Pacific Enterprise Bancorp (OTC: PEBN), the holding company for Pacific Enterprise Bank, announced today that its Board of Directors has initiated a stock repurchase program.
Under the stock repurchase program, Pacific Enterprise Bancorp may repurchase up to 50,000 shares of its common stock, or approximately 1.7% of the currently outstanding shares. Unless extended by the Board of Directors, the stock repurchase program will terminate on the first anniversary of its adoption.“This stock repurchase program demonstrates our confidence in the strength of our business and commitment to delivering value for our shareholders,” said Brian Halle, Pacific Enterprise Bancorp’s President and Chief Executive Officer.Under the stock repurchase program, Pacific Enterprise Bancorp may acquire shares from time to time in the open market or through privately negotiated transactions, at the discretion of management, and on terms (including quantity, timing and price) that management determines to be necessary, appropriate or advisable. The repurchase program does not obligate Pacific Enterprise Bancorp to repurchase any specific number of shares and may be modified, suspended or discontinued at any time at the discretion of the its Board of Directors without notice.

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