Fiverr Announces Board Authorization of Additional $100 Million for Share Repurchase Program
Fiverr (NYSE: FVRR) has announced its Board of Directors' authorization of an additional $100 million for share repurchases under its existing program. The announcement was made on March 11, 2025, following board approval on March 10, 2025.
According to Ofer Katz, Fiverr's President and CFO, this initiative aligns with their capital allocation strategy focusing on growth, balance sheet optimization, and shareholder value enhancement through buybacks and strategic M&A opportunities. The company plans to pay down convertible notes due in November 2025 with cash while maintaining flexibility for opportunistic share repurchases.
Under Israeli Law, creditors have until April 10, 2025, to object to the program, which may then require court approval. The repurchases may be executed through open market transactions, including Rule 10b5-1 trading plans, or private negotiations, with timing and volume dependent on market conditions.
Fiverr (NYSE: FVRR) ha annunciato che il suo Consiglio di Amministrazione ha autorizzato un ulteriore 100 milioni di dollari per il riacquisto di azioni nell'ambito del programma esistente. L'annuncio è stato fatto l'11 marzo 2025, a seguito dell'approvazione del consiglio avvenuta il 10 marzo 2025.
Secondo Ofer Katz, Presidente e CFO di Fiverr, questa iniziativa è in linea con la loro strategia di allocazione del capitale, focalizzata sulla crescita, sull'ottimizzazione del bilancio e sul miglioramento del valore per gli azionisti attraverso i riacquisti e opportunità strategiche di fusioni e acquisizioni. L'azienda prevede di estinguere le note convertibili in scadenza a novembre 2025 con liquidità, mantenendo al contempo flessibilità per riacquisti opportunistici di azioni.
Sotto la legge israeliana, i creditori hanno tempo fino al 10 aprile 2025 per opporsi al programma, il quale potrebbe richiedere successivamente l'approvazione del tribunale. I riacquisti possono essere effettuati tramite transazioni sul mercato aperto, inclusi i piani di trading Rule 10b5-1, o negoziazioni private, con tempistiche e volumi dipendenti dalle condizioni di mercato.
Fiverr (NYSE: FVRR) ha anunciado que su Junta Directiva ha autorizado un adicional de 100 millones de dólares para la recompra de acciones bajo su programa existente. El anuncio se realizó el 11 de marzo de 2025, tras la aprobación de la junta el 10 de marzo de 2025.
Según Ofer Katz, Presidente y CFO de Fiverr, esta iniciativa se alinea con su estrategia de asignación de capital centrada en el crecimiento, la optimización del balance y la mejora del valor para los accionistas a través de recompras y oportunidades estratégicas de fusiones y adquisiciones. La empresa planea pagar los bonos convertibles que vencen en noviembre de 2025 con efectivo, manteniendo al mismo tiempo flexibilidad para recompras de acciones oportunistas.
Bajo la ley israelí, los acreedores tienen hasta el 10 de abril de 2025 para oponerse al programa, lo que puede requerir posteriormente la aprobación del tribunal. Las recompras pueden llevarse a cabo a través de transacciones en el mercado abierto, incluidos los planes de negociación Rule 10b5-1, o negociaciones privadas, con el tiempo y el volumen dependiendo de las condiciones del mercado.
파이버(Fiverr, NYSE: FVRR)는 이사회가 기존 프로그램에 따라 추가 1억 달러의 자사주 매입을 승인했다고 발표했습니다. 이 발표는 2025년 3월 11일에 이루어졌으며, 이사회 승인은 2025년 3월 10일에 이루어졌습니다.
오퍼 카츠(Ofer Katz) 파이버의 사장 겸 CFO에 따르면, 이 이니셔티브는 성장, 재무 구조 최적화 및 자사주 매입과 전략적 인수합병(M&A) 기회를 통한 주주 가치를 증대시키는 데 중점을 둔 자본 배분 전략과 일치합니다. 회사는 2025년 11월 만기인 전환사채를 현금으로 상환할 계획이며, 기회에 따라 자사주 매입을 위한 유연성을 유지할 것입니다.
이스라엘 법에 따르면, 채권자들은 2025년 4월 10일까지 프로그램에 이의를 제기할 수 있으며, 이후 법원의 승인이 필요할 수 있습니다. 자사주 매입은 공개 시장 거래, Rule 10b5-1 거래 계획 또는 비공식 협상을 통해 이루어질 수 있으며, 시기와 양은 시장 상황에 따라 달라집니다.
Fiverr (NYSE: FVRR) a annoncé que son Conseil d'Administration a autorisé un montant supplémentaire de 100 millions de dollars pour le rachat d'actions dans le cadre de son programme existant. L'annonce a été faite le 11 mars 2025, suite à l'approbation du conseil le 10 mars 2025.
Selon Ofer Katz, Président et CFO de Fiverr, cette initiative s'inscrit dans leur stratégie d'allocation de capital axée sur la croissance, l'optimisation du bilan et l'amélioration de la valeur pour les actionnaires grâce aux rachats et aux opportunités stratégiques de fusions et acquisitions. L'entreprise prévoit de rembourser les obligations convertibles arrivant à échéance en novembre 2025 avec des liquidités, tout en maintenant une flexibilité pour des rachats d'actions opportunistes.
Selon la loi israélienne, les créanciers ont jusqu'au 10 avril 2025 pour s'opposer au programme, ce qui pourrait ensuite nécessiter l'approbation d'un tribunal. Les rachats peuvent être effectués par le biais de transactions sur le marché libre, y compris des plans de trading conformes à la règle 10b5-1, ou par des négociations privées, le timing et le volume dépendant des conditions du marché.
Fiverr (NYSE: FVRR) hat bekannt gegeben, dass der Vorstand die Genehmigung für zusätzliche 100 Millionen Dollar zum Rückkauf von Aktien im Rahmen des bestehenden Programms erteilt hat. Die Ankündigung erfolgte am 11. März 2025, nach der Genehmigung durch den Vorstand am 10. März 2025.
Laut Ofer Katz, Präsident und CFO von Fiverr, steht diese Initiative im Einklang mit ihrer Kapitalallokationsstrategie, die sich auf Wachstum, Optimierung der Bilanz und Steigerung des Shareholder-Values durch Aktienrückkäufe und strategische M&A-Möglichkeiten konzentriert. Das Unternehmen plant, die im November 2025 fälligen Wandelanleihen mit Bargeld zurückzuzahlen und gleichzeitig Flexibilität für opportunistische Aktienrückkäufe zu bewahren.
Nach israelischem Recht haben Gläubiger bis zum 10. April 2025 Zeit, um gegen das Programm Einspruch zu erheben, was anschließend die Genehmigung durch das Gericht erfordern könnte. Die Rückkäufe können durch Transaktionen am offenen Markt, einschließlich der Handelspläne nach Regel 10b5-1, oder durch private Verhandlungen durchgeführt werden, wobei Zeitpunkt und Volumen von den Marktbedingungen abhängen.
- Authorization of additional $100 million for share repurchases
- Strong cash position with ample cash flow generation
- Ability to pay down convertible notes with cash
- Strategic flexibility for both buybacks and M&A opportunities
- Program implementation subject to potential creditor objections and court approval
- Convertible notes payment due in November 2025 may impact cash reserves
NEW YORK, March 11, 2025 (GLOBE NEWSWIRE) -- Fiverr International Ltd, (NYSE: FVRR), the company that is changing how the world works together, announced that on March 10, 2025, its Board of Directors has authorized additional repurchases of up to
“We are pleased to announce that our Board has authorized an additional
According to Israeli Law the company’s creditors may apply to the company and object to the share repurchase program until April 10, 2025, in which case, the share repurchase program will be subject to a court approval. In the event no such objection is filed, the share repurchase program will become effective.
Repurchases under the program may be made from time to time in the open market, including through trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in privately negotiated transactions or otherwise. The timing and amount of any share buybacks will be subject to market conditions and other factors determined by the company. The company may suspend, modify or discontinue buybacks at any time in its sole discretion without prior notice. This notice is neither an offer to purchase nor a solicitation of an offer to buy any securities.
About Fiverr
Fiverr’s mission is to change how the world works together. We exist to democratize access to talent and to provide talent with access to opportunities so anyone can grow their business, brand, or dreams. From small businesses to Fortune 500, nearly 4 million customers worldwide worked with freelance talent on Fiverr in the past year, ensuring their workforces remain flexible, adaptive, and agile. With Fiverr Business Solutions, large companies can find the right talent and tools, tailored to their needs to help them thrive and grow. On Fiverr, you can find over 700 skills, ranging from programming to 3D design, digital marketing to content creation, from video animation to architecture.
Don’t get left behind - come be a part of the future of work by visiting fiverr.com, read our blog, and follow us on X, Instagram, and Facebook.
Forward-Looking Statements
This press release contains forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the Company’s strategy, our repurchase program and its anticipated benefits, our ability to return capital to shareholders and our plan to pay down our convertible notes. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from our expectations expressed or implied by the forward-looking statements, including without limitation the important factors discussed under the caption “Risk Factors” in our annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on February 19, 2025, and our other reports filed with the SEC. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Investor Relations:
Jinjin Qian
investors@fiverr.com
Press:
Jenny Chang
press@fiverr.com
Source: Fiverr International Ltd.
FAQ
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