Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

LightinTheBox Announces Share Repurchase Program

LightInTheBox Holding Co., Ltd., a cross-border e-commerce company that delivers products directly from manufacturers to its customers around the world, announced that its board of directors (the “Board”) authorized on December 12, 2019 a share repurchase program under which the Company may repurchase up to US$3 million of its ordinary shares in the form of American Depositary Shares no later than June 28, 2020 (the “Share Repurchase Program”), subject to the relevant rules under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Company’s insider trading policy. The Share Repurchase Program was executed on December 23, 2019.

Read More: Cloud Range Cyber CEO, Debbie Gordon, Unveils Cyber Security Best Practices to Consider in 2020

Mr. Jian He, Chief Executive Officer of LightInTheBox, commented, “The implementation of our share repurchase program reflects the confidence of the Board and management towards the Company’s strategy, operating fundamentals, and business prospects. This repurchase program reflects our commitment to enhance value for our shareholders.”

Related Posts
1 of 40,379

Read More: 5 Big Data Analytics Dashboards that will Boost Your Career in 2020

The Company’s share repurchases may be made from time to time on the open market at prevailing market prices, in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations. The timing and conditions of the share repurchases will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act. The Board will review the Share Repurchase Program periodically and may authorize adjustments to its terms and size or suspend or discontinue the program. The Company expects to utilize its existing funds to fund repurchases made under the Share Repurchase Program.

Read More: INX Limited Announces Launch of Roadshow for its Security Token IPO

2 Comments
  1. Iron scrap transport says

    Metal scrap dismantling Ferrous material joint collaboration Iron recycling and reclamation

    Ferrous material residual waste, Iron scrap processing equipment, Metal scrap recovery facility

  2. Copper scrap volume says

    Copper sheet scrap Copper recycling Scrap metal value extraction
    Recycling Copper cables, Scrap metal utili, Copper scrap price trends

Leave A Reply

Your email address will not be published.