Santech Holdings Announces US$5 Million Share Repurchase Program
Santech Holdings (NASDAQ: STEC) has announced a new share repurchase program authorized by its board of directors. The program allows the company to repurchase up to US$5 million worth of its outstanding American Depositary Shares (ADSs) over the next 12 months, starting from August 26, 2024.
The repurchases may be made on the open market, through private transactions, block trades, or other legal means. The company will adhere to applicable rules and regulations, including Rule 10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Santech plans to fund the repurchases from its existing cash balance. The board will review the program periodically and may adjust its terms and size as needed.
Santech Holdings (NASDAQ: STEC) ha annunciato un nuovo programma di riacquisto di azioni autorizzato dal suo consiglio di amministrazione. Il programma consente all'azienda di riacquistare fino a 5 milioni di dollari USA in azioni American Depositary Share (ADS) esistenti nel prossimo anno, a partire dal 26 agosto 2024.
I riacquisti possono essere effettuati sul mercato aperto, attraverso transazioni private, contratti a blocco o altri mezzi legali. L'azienda rispetterà le normative e regolamenti applicabili, inclusi la Regola 10b5-1 e la Regola 10b-18 ai sensi del Securities Exchange Act del 1934. Santech prevede di finanziare i riacquisti con il saldo di cassa esistente. Il consiglio esaminerà periodicamente il programma e potrà modificarne i termini e le dimensioni, se necessario.
Santech Holdings (NASDAQ: STEC) ha anunciado un nuevo programa de recompra de acciones autorizado por su junta directiva. El programa permite a la empresa recompra hasta 5 millones de dólares estadounidenses en acciones American Depositary Shares (ADS) que se encuentren en circulación durante los próximos 12 meses, a partir del 26 de agosto de 2024.
Las recompras pueden realizarse en el mercado abierto, a través de transacciones privadas, operaciones a bloque u otros medios legales. La compañía cumplirá con las reglas y regulaciones aplicables, incluyendo la Regla 10b5-1 y la Regla 10b-18 bajo la Ley de Mercado de Valores de EE. UU. de 1934. Santech planea financiar las recompras con su saldo de efectivo existente. La junta revisará el programa periódicamente y podrá ajustar sus términos y tamaño según sea necesario.
Santech Holdings (NASDAQ: STEC)는 이사회에서 승인한 새로운 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 회사가 다음 12개월 동안에 걸쳐 최대 500만 달러에 해당하는 기존의 미국 예탁 주식(ADS)을 매입할 수 있도록 허용합니다. 매입은 2024년 8월 26일부터 시작됩니다.
매입은 공개 시장에서, 사적 거래, 블록 거래 또는 기타 합법적인 방법으로 이루어질 수 있습니다. 회사는 1934년 미국 증권 거래법에 따른 규칙 10b5-1 및 규칙 10b-18을 포함한 관련 규칙과 규정을 준수할 것입니다. Santech은 기존 현금 잔액으로 매입 자금을 조달할 계획입니다. 이사회는 프로그램을 정기적으로 검토하고 필요에 따라 조건 및 규모를 조정할 수 있습니다.
Santech Holdings (NASDAQ: STEC) a annoncé un nouveau programme de rachat d'actions autorisé par son conseil d'administration. Ce programme permet à l'entreprise de racheter jusqu'à 5 millions de dollars US d'actions American Depositary Shares (ADS) en circulation au cours des 12 prochains mois, à compter du 26 août 2024.
Les rachats peuvent être effectués sur le marché libre, par le biais de transactions privées, de transactions en bloc ou par d'autres moyens légaux. L'entreprise respectera les règles et réglementations applicables, y compris la Règle 10b5-1 et la Règle 10b-18 en vertu de la loi américaine sur les valeurs mobilières de 1934. Santech prévoit de financer les rachats avec son solde de trésorerie existant. Le conseil d'administration examinera périodiquement le programme et pourra ajuster ses conditions et sa taille si nécessaire.
Santech Holdings (NASDAQ: STEC) hat ein neues Aktienrückkaufprogramm bekannt gegeben, das von seinem Vorstand genehmigt wurde. Das Programm erlaubt es dem Unternehmen, bis zu 5 Millionen US-Dollar an ausstehenden American Depositary Shares (ADS) innerhalb der nächsten 12 Monate zurückzukaufen, beginnend ab dem 26. August 2024.
Die Rückkäufe können am offenen Markt, durch private Transaktionen, Blockgeschäfte oder andere legale Mittel erfolgen. Das Unternehmen wird die geltenden Regeln und Vorschriften einhalten, einschließlich Regel 10b5-1 und Regel 10b-18 gemäß dem U.S. Securities Exchange Act von 1934. Santech plant, die Rückkäufe aus seiner bestehenden Bargeldreserve zu finanzieren. Der Vorstand wird das Programm regelmäßig überprüfen und kann die Bedingungen und Größenordnung nach Bedarf anpassen.
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SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited (“Santech”, or the “Company”) (NASDAQ: STEC), a consumer-focused technology company in China, today announced that the Company's board of directors has authorized a new share repurchase program under which the Company may repurchase up to US
The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company may implement the share repurchases in accordance with the requirements under Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, as well as the Company’s insider trading policy. The Company’s board of directors will review the share repurchase program periodically and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance.
About Santech Holdings Limited
Santech Holdings Limited (NASDAQ: STEC) is a consumer-focused technology company. The Company historically served a large number of high net-worth clients in China in financial services and health management, and accumulated a large customer base. The Company has exited or disposed of its historical businesses in financial services and is actively exploring innovative new opportunities in technology, including but not limited to new retail, social e-commerce and metaverse. For more information, please visit https://ir.santechholdings.com.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Contact:
Santech Holdings Limited
Email: ir@santechholdings.com
Media Contact:
ICR, LLC
Edmond Lococo
Phone: +86 138-1079-1408
Email: SantechPR@icrinc.com
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