Ibotta Announces $100 Million Share Repurchase Program
Ibotta (NYSE: IBTA), a leading digital promotions and performance marketing solutions provider, has announced a $100 million share repurchase program. The program, approved by the company's Board of Directors, allows for the repurchase of Ibotta's Class A common stock with no expiration date. Repurchases may be made through open market transactions or privately negotiated deals, subject to market conditions and legal requirements. The company may also enter into Rule 10b5-1 plans to facilitate repurchases. Ibotta is not obligated to acquire any specific amount of shares and can suspend or terminate the program at any time. The timing and number of shares repurchased will depend on factors such as price, market conditions, and alternative investment opportunities.
Ibotta (NYSE: IBTA), un importante fornitore di soluzioni per promozioni digitali e marketing delle performance, ha annunciato un programma di riacquisto azioni da 100 milioni di dollari. Il programma, approvato dal Consiglio di Amministrazione dell'azienda, consente il riacquisto delle azioni ordinarie di Classe A di Ibotta senza data di scadenza. I riacquisti possono essere effettuati tramite transazioni sul mercato aperto o accordi privatamente negoziati, in base alle condizioni di mercato e ai requisiti legali. L'azienda può anche entrare in piani Rule 10b5-1 per facilitare i riacquisti. Ibotta non è obbligata ad acquisire un numero specifico di azioni e può sospendere o terminare il programma in qualsiasi momento. Il momento e il numero di azioni riacquistate dipenderanno da fattori come il prezzo, le condizioni di mercato e le opportunità di investimento alternative.
Ibotta (NYSE: IBTA), un proveedor líder de soluciones de promociones digitales y marketing de rendimiento, ha anunciado un programa de recompra de acciones de 100 millones de dólares. El programa, aprobado por la Junta Directiva de la compañía, permite la recompra de las acciones comunes de Clase A de Ibotta sin fecha de caducidad. Las recompras pueden realizarse a través de transacciones en el mercado abierto o acuerdos negociados en privado, sujeto a las condiciones del mercado y a los requisitos legales. La compañía también puede entrar en planes de la Regla 10b5-1 para facilitar las recompras. Ibotta no está obligada a adquirir una cantidad específica de acciones y puede suspender o terminar el programa en cualquier momento. El momento y el número de acciones recompradas dependerán de factores como el precio, las condiciones del mercado y las oportunidades de inversión alternativas.
Ibotta (NYSE: IBTA)는 디지털 프로모션 및 성과 마케팅 솔루션의 선두 제공업체로 1억 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 회사 이사회의 승인을 받아, 유효기간이 없는 Ibotta의 A 클래스 보통주 매입을 허용합니다. 매입은 자유시장 거래 또는 비공식 협상 거래를 통해 이루어질 수 있으며, 시장 조건 및 법적 요구 사항에 따라 다릅니다. 회사는 또한 매입을 용이하게 하기 위해 Rule 10b5-1 계획을 수립할 수 있습니다. Ibotta는 특정 수량의 주식을 매입할 의무가 없으며 언제든지 프로그램을 중단하거나 종료할 수 있습니다. 매입의 시간과 주식 수는 가격, 시장 조건 및 대체 투자 기회와 같은 요인에 따라 달라집니다.
Ibotta (NYSE: IBTA), un fournisseur leader de solutions de promotions numériques et de marketing de performance, a annoncé un programme de rachat d'actions de 100 millions de dollars. Le programme, approuvé par le conseil d'administration de l'entreprise, permet le rachat des actions ordinaires de Classe A d'Ibotta avec aucune date d'expiration. Les rachats peuvent être effectués par le biais de transactions sur le marché ouvert ou accords négociés en privé, soumis aux conditions du marché et aux exigences légales. L'entreprise peut également conclure des plans de la Règle 10b5-1 pour faciliter les rachats. Ibotta n'est pas obligée d'acquérir un nombre spécifique d'actions et peut suspendre ou mettre fin au programme à tout moment. Le moment et le nombre d'actions rachetées dépendront de facteurs tels que le prix, les conditions du marché et les opportunités d'investissement alternatives.
Ibotta (NYSE: IBTA), ein führender Anbieter von digitalen Promotions und Performance-Marketinglösungen, hat ein Aktienrückkaufprogramm in Höhe von 100 Millionen US-Dollar angekündigt. Das Programm, das vom Vorstand des Unternehmens genehmigt wurde, ermöglicht den Rückkauf von Ibotta's Klasse A Stammaktien mit keinem Ablaufdatum. Rückkäufe können durch Transaktionen am offenen Markt oder privat verhandelte Vereinbarungen erfolgen, abhängig von den Marktbedingungen und rechtlichen Anforderungen. Das Unternehmen kann auch Regel 10b5-1-Pläne einrichten, um Rückkäufe zu erleichtern. Ibotta ist nicht verpflichtet, eine bestimmte Anzahl von Aktien zu erwerben und kann das Programm jederzeit aussetzen oder beenden. Der Zeitpunkt und die Anzahl der zurückgekauften Aktien hängen von Faktoren wie Preis, Marktbedingungen und alternativen Investitionsmöglichkeiten ab.
- Authorization to repurchase up to $100 million of Class A common stock
- Flexibility in repurchase methods (open market, private negotiations)
- No expiration date on the share repurchase program
- Potential to increase shareholder value through stock buybacks
- No guarantee of actual share repurchases
- Potential reduction in cash reserves for other investments or operations
Insights
Ibotta's announcement of a
- It can boost earnings per share by reducing the number of outstanding shares
- It may indicate management believes the stock is undervalued
- It can provide support for the stock price in the market
However, it's important to note that the program has no expiration date and no obligation to repurchase any specific amount. This flexibility allows Ibotta to adapt to market conditions and alternative investment opportunities. Investors should monitor the actual execution of the program and its impact on the company's cash reserves and growth initiatives.
Ibotta's share repurchase program reflects a trend among tech companies to return value to shareholders, especially in a competitive market. As a leading digital promotions provider, this move may indicate:
- Strong cash flow generation from its core business
- immediate expansion opportunities requiring large capital investments
- A strategy to optimize capital structure and potentially increase shareholder returns
The
DENVER, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Ibotta, Inc. (NYSE: IBTA), the leading technology company providing digital promotions and performance marketing solutions, announced today that its Board of Directors has approved a share repurchase program, with authorization to purchase up to an aggregate of
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements relating to expectations concerning matters that are not historical facts may constitute forward-looking statements. When words such as “believe,” “expect,” “anticipate,” “will”, “outlook” or similar expressions are used, the Company is making forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give readers any assurance that such expectations will prove correct. These forward-looking statements involve risks, uncertainties and assumptions, including those related to the Company’s relatively limited operating history, which makes it difficult to evaluate the Company’s business and prospects, the demands and expectations of clients and the ability to attract and retain clients. The actual results may differ materially from those anticipated in the forward-looking statements as a result of numerous factors, many of which are beyond the control of the Company. These and other factors are disclosed in the Company’s reports filed from time to time with the Securities and Exchange Commission, available at www.sec.gov. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company does not intend to update any forward-looking statement contained in this press release to reflect events or circumstances arising after the date hereof, except as required by law.
About Ibotta ("I bought a...")
Ibotta (NYSE: IBTA) is the leading provider of digital promotions for CPG brands, reaching over 200 million consumers through a network of publishers called the Ibotta Performance Network (IPN). The IPN allows marketers to influence what people buy, and where and how often they shop – all while paying only when their campaigns directly result in a sale. American shoppers have earned over
Contact
Corporate Communications
Hilary O’Byrne, hilary.obyrne@ibotta.com
Investor Relations
Shalin Patel, shalin.patel@ibotta.com
FAQ
What is the size of Ibotta's share repurchase program announced on August 22, 2024?
Does Ibotta's share repurchase program have an expiration date?
How will Ibotta (IBTA) conduct the share repurchases?
Is Ibotta (IBTA) obligated to repurchase a specific amount of shares?
Can Ibotta suspend or terminate the $100 million share repurchase program?
