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Flex Receives Approval for Share Repurchase
August 23, 2018 | Flex LtdEstimated reading time: Less than a minute
EMS firm Flex Ltd has received shareholder approval to purchase up to 20% of its outstanding shares during its Annual General Meeting held on August 16, 2018. Since the beginning of the company's share repurchase program commencing in the first quarter of fiscal 2011, through the first quarter of fiscal 2019 ended June 29, 2018, the company has repurchased approximately 370.6 million shares for approximately $3.1 billion and retired all of these shares.
Under the company's currently approved share repurchase program, the Board of Directors authorized repurchases of its outstanding ordinary shares for up to $500 million in accordance with the share repurchase mandate approved by the company’s shareholders.
Share repurchases, if any, will be made in the open market and in compliance with SEC Rule 10b-18. The timing and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable legal requirements. The share repurchase program does not obligate the company to repurchase any specific number of shares and may be suspended or terminated at any time without prior notice.
Suggested Items
TAZMO, TAIFLEX Ink MoU on Taiwan-Japan Semiconductor Cooperation
10/04/2024 | TAIFLEX Scientific Co. LtdTazmo Co., Ltd. and TAIFLEX Co., Ltd. held a public signing ceremony and press conference for the “Memorandum of Understanding on Taiwan-Japan Semiconductor Cooperation” in Taipei.
American Standard Circuits and Sunstone Now Offering Online Flex PCB Quoting
10/01/2024 | American Standard CircuitsAnaya Vardya President and CEO of American Standard Circuits and ASC Sunstone Circuits announced that his company will now be offering their customers the convenience of Instant Online Quoting for Flex PCBs through Sunstone’s OneQuote form.
Flex Named to TIME's World's Best Companies List for Second Consecutive Year
09/26/2024 | FlexFlex announced its inclusion on TIME's 2024 World's Best Companies list, a comprehensive analysis conducted to identify the top performing companies across the globe.
All Flex Solutions Certified to ANSI/ESD S20.20-2021
09/19/2024 | All Flex SolutionsFactories that handle ESD-sensitive components at All Flex Solutions have earned certification to ANSI/ESD S20.20-2021 Electrostatic Discharge Control Program.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
09/13/2024 | Marcy LaRont, PCB007 MagazineAt the top of my list is “Silicon to Systems,” an interview with technology experts from IPC: Matt Kelly, Devan Iyer, and Kris Moyer. Also, this week, we hear from I-Connect007 Managing Editor Nolan Johnson, who’s been in Mexico for SMTA Guadalajara. Speaking of Mexico, I want to highlight an interview that appeared in IPC Community between Lorena Villanueva and Barjouth Aguilar of Flex, who talk about the importance of sustainability. I wrap up my recommendations with articles about solder printing and wet process control.