Summary
Oracle Corporation announced on February 1, 2018, through its Board of Directors, an authorization for an additional $12.0 billion in common stock repurchases. This expansion of the existing share repurchase program indicates the company's continued commitment to returning capital to shareholders and managing its share count. The authorization has no expiration date, providing flexibility for Oracle to execute repurchases over time.
Key Highlights
- 1Oracle's Board of Directors authorized an additional $12.0 billion for common stock repurchases.
- 2This is an expansion of an existing share repurchase program.
- 3The stock repurchase authorization does not have an expiration date.
- 4Repurchase activity will be influenced by various factors including working capital needs, acquisition funding, dividends, debt obligations, stock price, and market conditions.
- 5Repurchases can be executed through open market purchases or Rule 10b5-1 plans.
- 6The program can be accelerated, suspended, delayed, or discontinued at any time by Oracle.