Willis Towers Watson Increases Share Repurchase Program by $4 Billion

Rhea-AI Summary

Willis Towers Watson (NASDAQ: WLTW) has announced a significant increase in its share repurchase authority by $4 billion, enhancing its commitment to returning value to shareholders. This new authorization adds to the remaining $500 million of the current repurchase program, allowing for a potential total of $4.5 billion in shares to be repurchased. The company intends to evaluate its buyback activities based on market conditions and other relevant business factors.

Positive

• Authorization for an additional $4 billion in share repurchases indicates strong confidence in the company's financial health.
• Enhances total share repurchase potential to $4.5 billion, signaling commitment to shareholder value.

Negative

• None.

ARLINGTON, Va. and LONDON, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved an increase to the existing share repurchase authority in the amount of $4 billion. The $4 billion increase is in addition to the $500 million remaining on the current open-ended repurchase authority. The Company is authorized to repurchase shares, by way of redemption or otherwise, and will consider whether to do so from time to time, based on many factors, including market and economic conditions, applicable legal requirements and other business considerations.

ABOUT WILLIS TOWERS WATSON
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 46,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

CONTACT

INVESTORS

Claudia De La Hoz | claudia.delahoz@willistowerswatson.com

FAQ

What is the total amount authorized for share repurchases by WLTW?

Willis Towers Watson has increased its share repurchase authority to a total of $4.5 billion.

How much was the increase in the share repurchase authority for WLTW?

The share repurchase authority was increased by $4 billion.

What factors will WLTW consider for its share buyback program?

The company will consider market conditions, economic factors, legal requirements, and other business considerations.

When was the share repurchase increase for WLTW announced?

The share repurchase increase was announced on September 22, 2021.