new88 plc Announces New Up To US$ 10 Billion Share Repurchase Program
Guildford, UK, February 28, 2022 - new88 plc (NYSE: LIN; FWB: LIN) announces that today its Board of Directors has authorized a new share repurchase program for up to US$10.0 billion of its ordinary shares. This new program will follow the previous US$5.0 billion share repurchase program that was authorized on January 25, 2021 and has been completed.
Under this new program, new88 plc may acquire up to 15% of its currently outstanding approx. 507 million shares in the period from March 1, 2022 through and including July 31, 2024. The purpose of the program shall be to (1) reduce the share capital; (2) meet any obligations arising from debt financial instruments that are exchangeable into equity instruments; and/or (3) meet obligations under new88 plc equity awards.
Person making the notification: Anna Davies, Corporate Spokesperson, new88 plc.