DHI Group Announces New $15 Million Stock Repurchase Program

Rhea-AI Summary

DHI Group, Inc. (NYSE: DHX) announced a new stock repurchase program allowing the buyback of up to $15 million of its common stock, following the completion of a previous $20 million program. The new initiative is effective immediately and will run through February 2023. This decision reflects the management's confidence in the company's future growth and the perception that the stock is undervalued. The repurchase will occur in the open market or via private transactions, depending on market conditions.

Positive

• Authorization of a new stock repurchase program for up to $15 million.
• Demonstrates management's confidence in future growth and stock valuation.
• Previous $20 million buyback successfully repurchased approximately 4.4 million shares.

Negative

• None.

CENTENNIAL, Colo., Feb. 15, 2022 /PRNewswire/ -- DHI Group, Inc. (NYSE: DHX) today announced that its Board of Directors has authorized a new stock repurchase program that permits the purchase of up to $15 million of the Company's common stock. The new program was approved following the completion of DHI's previous $20 million stock purchase program, which was initially approved in February 2021.  Under the $20 million program, the company repurchased approximately 4.4 million shares.

This new authorization is currently effective and is approved to run through February 2023. Under the plan, management has discretion in determining the conditions under which shares may be purchased from time to time, including block trades.

"We are committed to strategically allocating capital to investments we believe can generate value for our shareholders," said Kevin Bostick, Chief Financial Officer of DHI Group, Inc. "The stock buyback program demonstrates our confidence in the future growth of the Company and the undervalued price of our stock."

Repurchases will be made in accordance with applicable securities laws in the open market, in privately negotiated transactions or through other means. Depending on acquisition opportunities, market conditions and other factors, these repurchases may commence or cease from time to time without prior notice.

Investor Contact       
MKR Investor Relations 
212-448-4181   
ir@dhigroupinc.com

Media Contact       
Rachel Ceccarelli 
VP of Engagement 
212-448-8288 
media@dhigroupinc.com

About DHI Group, Inc.
DHI Group, Inc (NYSE: DHX) is a provider of AI-powered career marketplaces that focus on technology roles. DHI's two brands, Dice and ClearanceJobs, enable recruiters and hiring managers to efficiently search for and connect with highly skilled technologists based on the skills requested. The Company's patent-pending algorithms manage over 100,000 unique technology skills. Additionally, our marketplaces allow technology professionals to find their ideal next career opportunity, with relevant advice and personalized insights. Learn more at www.dhigroupinc.com.

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SOURCE DHI Group, Inc.

FAQ

What is the new stock repurchase program amount for DHI Group (DHX)?

The new stock repurchase program authorized by DHI Group is for up to $15 million.

When will the new stock repurchase program for DHX start and end?

The new stock repurchase program is effective immediately and will run through February 2023.

What was the result of DHI Group's previous stock buyback program?

DHI Group's previous $20 million stock buyback program repurchased approximately 4.4 million shares.

Why did DHI Group initiate a stock buyback program?

DHI Group initiated the stock buyback program to demonstrate confidence in the company's future growth and to address what management views as undervalued stock.