Danaos Corporation Announces Upsizing of its Share Repurchase Program by an additional $100 million
Danaos (NYSE: DAC) has announced an expansion of its share repurchase program, adding $100 million to the existing initiative. The company has already utilized approximately $196 million of its previous $200 million buyback program, bringing the total program size to $300 million.
The expanded program allows DAC to purchase shares through open market or private transactions at prices deemed appropriate by the company. The program maintains flexibility with provisions for suspension or discontinuation at the company's discretion.
Danaos (NYSE: DAC) ha annunciato un'espansione del suo programma di riacquisto di azioni, aggiungendo 100 milioni di dollari all'iniziativa esistente. L'azienda ha già utilizzato circa 196 milioni di dollari del suo precedente programma di riacquisto da 200 milioni di dollari, portando la dimensione totale del programma a 300 milioni di dollari.
Il programma ampliato consente a DAC di acquistare azioni tramite transazioni sul mercato aperto o private a prezzi ritenuti appropriati dall'azienda. Il programma mantiene flessibilità con disposizioni per sospensione o interruzione a discrezione dell'azienda.
Danaos (NYSE: DAC) ha anunciado una expansión de su programa de recompra de acciones, añadiendo 100 millones de dólares a la iniciativa existente. La compañía ya ha utilizado aproximadamente 196 millones de dólares de su anterior programa de recompra de 200 millones de dólares, llevando el tamaño total del programa a 300 millones de dólares.
El programa ampliado permite a DAC comprar acciones a través de transacciones en el mercado abierto o privadas a precios que la compañía considere apropiados. El programa mantiene flexibilidad con disposiciones para la suspensión o interrupción a discreción de la empresa.
다나오스 (NYSE: DAC)는 기존 프로그램에 1억 달러를 추가하여 자사 주식 매입 프로그램을 확장한다고 발표했습니다. 회사는 이미 이전 2억 달러 매입 프로그램의 약 1억 9천6백만 달러를 사용했으며, 총 프로그램 규모는 3억 달러에 이릅니다.
확대된 프로그램은 DAC가 회사가 적절하다고 판단하는 가격으로 공개 시장 또는 사적 거래를 통해 주식을 구매할 수 있도록 합니다. 이 프로그램은 회사의 재량에 따라 중단 또는 종료할 수 있는 조항으로 유연성을 유지합니다.
Danaos (NYSE: DAC) a annoncé une expansion de son programme de rachat d'actions, ajoutant 100 millions de dollars à l'initiative existante. L'entreprise a déjà utilisé environ 196 millions de dollars de son précédent programme de rachat de 200 millions de dollars, portant la taille totale du programme à 300 millions de dollars.
Le programme élargi permet à DAC d'acheter des actions par le biais de transactions sur le marché ouvert ou privées à des prix jugés appropriés par l'entreprise. Le programme maintient une flexibilité avec des dispositions pour la suspension ou l'interruption à la discrétion de l'entreprise.
Danaos (NYSE: DAC) hat eine Erweiterung seines Aktienrückkaufprogramms angekündigt und 100 Millionen Dollar zu der bestehenden Initiative hinzugefügt. Das Unternehmen hat bereits etwa 196 Millionen Dollar seines vorherigen Rückkaufprogramms von 200 Millionen Dollar genutzt, wodurch die Gesamtgröße des Programms auf 300 Millionen Dollar ansteigt.
Das erweiterte Programm ermöglicht es DAC, Aktien über den offenen Markt oder private Transaktionen zu Preisen zu kaufen, die das Unternehmen für angemessen hält. Das Programm bleibt flexibel mit Bestimmungen zur Aussetzung oder Einstellung nach Ermessen des Unternehmens.
- Significant $100 million increase in share buyback program
- High execution rate of previous program (98% completed)
- Enhanced shareholder value through continued stock repurchases
- Demonstrates strong financial position and confidence in company value
- Reduced cash availability for other strategic investments
- Potential limitation on financial flexibility
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our current fleet of 74 containerships aggregating 471,477 TEUs and 15 under construction containerships aggregating 128,220 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos has also recently invested in the dry bulk sector with the acquisition of 10 capesize bulk carriers aggregating 1,760,861 DWT. Our fleet is chartered to many of the world's largest liner companies on fixed-rate charters. Our long track record of success is predicated on our efficient and rigorous operational standards and environmental controls. Danaos Corporation's shares trade on the New York Stock Exchange under the symbol "DAC".
Visit our website at www.danaos.com
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SOURCE Danaos Corporation
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