Perion Expands its Current Share Repurchase Program to a Total of $125 Million
Perion Network (NASDAQ/TASE: PERI) has expanded its share repurchase program by $50 million, bringing the total authorization to $125 million. As of December 31, 2024, the company had already repurchased 5.2 million shares for $46.8 million under the previous $75 million authorization.
The program expansion, subject to the issuance of the company's 2024 audited annual financial report, demonstrates management's confidence in generating positive free cash flow and balance sheet strength. CEO Tal Jacobson stated that the current share price doesn't reflect Perion's business strength and strategic evolution to Perion One.
The expanded program has no fixed term and allows for share repurchases through open market purchases and private transactions, with timing and amounts based on market conditions, price, and regulatory requirements. The program can be modified or discontinued at any time.
Perion Network (NASDAQ/TASE: PERI) ha ampliato il suo programma di riacquisto di azioni di 50 milioni di dollari, portando l'autorizzazione totale a 125 milioni di dollari. Al 31 dicembre 2024, l'azienda aveva già riacquistato 5,2 milioni di azioni per 46,8 milioni di dollari sotto la precedente autorizzazione di 75 milioni di dollari.
L'ampliamento del programma, soggetto all'emissione del rapporto finanziario annuale auditato dell'azienda per il 2024, dimostra la fiducia della direzione nella capacità di generare un flusso di cassa libero positivo e nella solidità del bilancio. Il CEO Tal Jacobson ha dichiarato che l'attuale prezzo delle azioni non riflette la forza del business di Perion e l'evoluzione strategica verso Perion One.
Il programma ampliato non ha un termine fisso e consente il riacquisto di azioni attraverso acquisti sul mercato aperto e transazioni private, con tempistiche e importi basati sulle condizioni di mercato, sul prezzo e sui requisiti normativi. Il programma può essere modificato o interrotto in qualsiasi momento.
Perion Network (NASDAQ/TASE: PERI) ha ampliado su programa de recompra de acciones en 50 millones de dólares, elevando la autorización total a 125 millones de dólares. Al 31 de diciembre de 2024, la compañía ya había recomprado 5.2 millones de acciones por 46.8 millones de dólares bajo la autorización previa de 75 millones de dólares.
La expansión del programa, sujeta a la emisión del informe financiero anual auditado de la compañía para 2024, demuestra la confianza de la dirección en la generación de flujo de efectivo libre positivo y la solidez del balance. El CEO Tal Jacobson declaró que el precio actual de las acciones no refleja la fortaleza del negocio de Perion y su evolución estratégica hacia Perion One.
El programa ampliado no tiene un plazo fijo y permite la recompra de acciones a través de compras en el mercado abierto y transacciones privadas, con tiempos y montos basados en las condiciones del mercado, el precio y los requisitos regulatorios. El programa puede ser modificado o discontinuado en cualquier momento.
페리온 네트워크 (NASDAQ/TASE: PERI)는 자사 주식 매입 프로그램을 5천만 달러 확대하여 총 승인 금액을 1억 2천5백만 달러로 늘렸습니다. 2024년 12월 31일 기준으로, 회사는 이전의 7천5백만 달러 승인 하에 4680만 달러에 520만 주를 이미 매입했습니다.
프로그램 확대는 2024년 회사의 감사된 연간 재무 보고서 발행에 따라 달라지며, 경영진의 긍정적인 자유 현금 흐름 생성 및 재무 건전성에 대한 자신감을 보여줍니다. CEO 탈 제이콥슨은 현재 주가가 페리온의 비즈니스 강점과 페리온 원으로의 전략적 진화를 반영하지 않는다고 밝혔습니다.
확대된 프로그램은 고정된 기간이 없으며, 시장 조건, 가격 및 규제 요구 사항에 따라 주식 매입을 위한 공개 시장 구매 및 개인 거래를 허용합니다. 프로그램은 언제든지 수정되거나 중단될 수 있습니다.
Perion Network (NASDAQ/TASE: PERI) a élargi son programme de rachat d'actions de 50 millions de dollars, portant l'autorisation totale à 125 millions de dollars. Au 31 décembre 2024, la société avait déjà racheté 5,2 millions d'actions pour 46,8 millions de dollars dans le cadre de l'autorisation précédente de 75 millions de dollars.
L'expansion du programme, soumise à l'émission du rapport financier annuel auditée de la société pour 2024, démontre la confiance de la direction dans la génération d'un flux de trésorerie libre positif et la solidité du bilan. Le PDG Tal Jacobson a déclaré que le prix actuel des actions ne reflète pas la force des activités de Perion et l'évolution stratégique vers Perion One.
Le programme élargi n'a pas de durée fixe et permet le rachat d'actions par le biais d'achats sur le marché libre et de transactions privées, avec des délais et des montants basés sur les conditions du marché, le prix et les exigences réglementaires. Le programme peut être modifié ou interrompu à tout moment.
Perion Network (NASDAQ/TASE: PERI) hat sein Aktienrückkaufprogramm um 50 Millionen Dollar erweitert, wodurch die gesamte Genehmigung auf 125 Millionen Dollar steigt. Zum 31. Dezember 2024 hatte das Unternehmen bereits 5,2 Millionen Aktien für 46,8 Millionen Dollar im Rahmen der vorherigen Genehmigung von 75 Millionen Dollar zurückgekauft.
Die Erweiterung des Programms, die von der Veröffentlichung des geprüften Jahresfinanzberichts des Unternehmens für 2024 abhängt, zeigt das Vertrauen des Managements in die Generierung eines positiven freien Cashflows und die Stärke der Bilanz. CEO Tal Jacobson erklärte, dass der aktuelle Aktienkurs die Stärke des Geschäfts von Perion und die strategische Entwicklung zu Perion One nicht widerspiegelt.
Das erweiterte Programm hat keine feste Laufzeit und ermöglicht den Rückkauf von Aktien durch Käufe am offenen Markt und private Transaktionen, wobei Zeitpunkt und Beträge auf Marktbedingungen, Preis und regulatorischen Anforderungen basieren. Das Programm kann jederzeit geändert oder eingestellt werden.
- Authorization of additional $50M for share buybacks shows strong financial position
- Successful execution of previous buybacks with $46.8M already deployed
- Company generating positive free cash flow
- Strong balance sheet enabling share repurchases
- Management indicates current stock price undervalues the company
- No guaranteed minimum share repurchase amount
- Program can be modified or discontinued without notice
“The expansion of our share repurchase program reflects and reinforces our confidence in our ability to continue to generate positive free cash flow and the strength of our balance sheet,” said Tal Jacobson, Perion’s CEO. “We believe that the current share price does not reflect the strength of Perion’s business and the value of our strategic evolution to Perion One.”
The Expanded Program continues to have an indefinite term. Share repurchases under the program will be made from time to time in open market purchases, private transactions, or other transactions as permitted by securities laws and other legal requirements. The timing and amounts of any purchases will be based on market conditions and other factors including but not limited to price, regulatory requirements, and capital availability. The Expanded Program does not require the purchase of any minimum dollar amount or number of shares, and the program may be modified, suspended, or discontinued at any time without further notice.
About Perion Network Ltd.
Perion is helping agencies, brands and retailers get better results with their marketing investments by providing advanced technology across digital channels. Through the Perion One platform, we are making digital advertising more effective by building solutions that continuously adapt to connect the dots between data, creative and channels.
For more information, visit Perion's website at www.perion.com
Forward Looking Statements
This press release contains historical information and forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words “will,” “believe,” “expect,” “intend,” “plan,” “should,” “estimate” and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results, performance or achievements of Perion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, or financial information, including, but not limited to, the current war between
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Perion Network Ltd.
Dudi Musler, VP of Investor Relations
+972 (54) 7876785
dudim@perion.com
Source: Perion Network Ltd.
FAQ
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