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Franklin Covey Announces New Common Share Purchase Plan

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Franklin Covey Co. (NYSE: FC) announced a new common share purchase plan of up to $50.0 million, replacing the nearly depleted existing plan. The new plan has no expiration date and allows for repurchases through open market transactions or other means as per federal securities laws. The decision to purchase shares will be based on various factors, with no obligation to buy under the authorization.
Franklin Covey Co. (NYSE: FC) ha annunciato un nuovo piano di acquisto di azioni ordinarie fino a un massimo di 50,0 milioni di dollari, sostituendo il piano esistente quasi esaurito. Il nuovo piano non ha data di scadenza e consente riacquisti tramite transazioni di mercato aperto o altri mezzi secondo le leggi federali sui titoli. La decisione di acquistare le azioni sarà basata su vari fattori, senza alcun obbligo di acquisto in base all'autorizzazione.
Franklin Covey Co. (NYSE: FC) anunció un nuevo plan de recompra de acciones comunes por hasta $50.0 millones, reemplazando el plan existente que casi se ha agotado. El nuevo plan no tiene fecha de expiración y permite las recompras a través de transacciones en el mercado abierto u otros medios según las leyes federales de valores. La decisión de comprar acciones se basará en varios factores, sin ninguna obligación de comprar bajo la autorización.
프랭클린 코비 컴퍼니 (NYSE: FC)가 기존 플랜이 거의 소진됨에 따라 최대 5000만 달러 규모의 새로운 보통주 매입 계획을 발표했습니다. 이 새로운 계획은 만료 날짜가 없으며 연방 증권법에 따라 개장 시장 거래나 기타 수단을 통해 매입할 수 있습니다. 주식 매입 결정은 다양한 요인을 기반으로 하며, 인가에 따른 매입 의무는 없습니다.
Franklin Covey Co. (NYSE : FC) a annoncé un nouveau plan d’achat d'actions ordinaires jusqu'à 50,0 millions de dollars, remplaçant le plan existant presque épuisé. Le nouveau plan n’a pas de date d'expiration et permet des rachats via des transactions sur le marché ouvert ou d'autres moyens conformément aux lois fédérales sur les valeurs mobilières. La décision d'acheter des actions sera basée sur divers facteurs, sans obligation d'achat sous l'autorisation.
Franklin Covey Co. (NYSE: FC) gab einen neuen Plan zum Rückkauf von Stammaktien bis zu einem Volumen von 50,0 Millionen Dollar bekannt, der den nahezu erschöpften bestehenden Plan ersetzt. Der neue Plan hat kein Ablaufdatum und ermöglicht Rückkäufe durch offene Markttransaktionen oder andere Mittel gemäß Bundeswertpapiergesetzen. Die Entscheidung zum Aktienrückkauf wird basierend auf verschiedenen Faktoren getroffen, ohne eine Verpflichtung zum Kauf unter der Genehmigung.
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SALT LAKE CITY--(BUSINESS WIRE)-- On April 18, 2024, the Board of Directors of Franklin Covey Co. (NYSE: FC) (the Company) approved a new plan to purchase up to $50.0 million of its outstanding common stock. The previously existing common stock purchase plan was nearly depleted and was canceled. The new common share purchase plan is effective immediately and does not have an expiration date. The Company’s common shares may be repurchased from time to time in open market transactions at prevailing market prices or by other means in accordance with federal securities laws. The actual timing, number, and value of common shares purchased under this board-approved plan will be determined at the Company’s discretion and will depend on a number of factors, including, among others, general market and business conditions, the trading price of the Company’s common shares, and applicable legal requirements. The Company has no obligation to purchase any common shares under the authorization, and the purchase plan may be suspended, discontinued, or modified at any time for any reason.

Stephen D. Young

Chief Financial Officer

801-817-1776

Source: Franklin Covey Co.

FAQ

What did Franklin Covey Co. (NYSE: FC) announce on April 18, 2024?

Franklin Covey Co. announced a new common share purchase plan of up to $50.0 million to replace the previously existing plan.

What is the purpose of the new common share purchase plan approved by the Board of Directors?

The purpose of the plan is to allow the Company to repurchase its outstanding common stock through open market transactions or other means in compliance with federal securities laws.

What factors will determine the timing, number, and value of common shares purchased under the new plan?

Factors such as general market and business conditions, trading price of the Company's common shares, and applicable legal requirements will determine the timing, number, and value of shares purchased.

Is the Company obligated to purchase any common shares under the authorization?

The Company has no obligation to purchase any common shares under the authorization, and the purchase plan may be suspended, discontinued, or modified at any time for any reason.

Franklin Covey Company

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