21 August 2017
Find out more

Bottomline Technologies plans $10m stock repurchase programme

31 May 2007  |  1329 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.worldpaymentsreport.comvisit www.niceactimize.comdownload the paper now

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11596 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9888 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9690 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9392 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9351 views comments | 10 tweets | 8 linkedin