24 October 2017

Bottomline Technologies plans $10m stock repurchase programme

31 May 2007  |  1338 views  |  0 Source: Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced that its Board of Directors has authorized the repurchase of $10 million of the company’s common stock from time to time, on the open market or in privately negotiated transactions.

The company's previously announced stock repurchase program has been completed. As of May 29, 2007, the company had approximately 24 million shares outstanding.

"Based on the strength of our balance sheet and operating cash flow projections, our Board has determined that expanding our stock repurchase program is consistent with our commitment to delivering value to our shareholders," said Kevin Donovan, Chief Financial Officer of Bottomline Technologies.

The timing and amount of any shares repurchased will be determined by the company's management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at anytime. Any repurchased shares will be available for use in connection with Bottomline's stock plans and for other corporate purposes.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20206 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15416 views comments | 24 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11096 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9222 views comments | 15 tweets | 29 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job