23 February 2018
Visit www.avoka.com

S1 increases stock buy back

13 December 2007  |  1304 views  |  0 Source: S1 Corporation

S1 Corporation (Nasdaq: SONE), a leading global provider of customer interaction financial and payment solutions, today announced that its Board of Directors authorized a $10.0 million increase to the Company's stock repurchase program, bringing the total authorization to $60.0 million, under which S1 may repurchase shares of its common stock from time to time in open market and privately negotiated transactions, through block trades or otherwise, as market and business conditions warrant.

The Company initially announced the stock repurchase program in May 2007 when the repurchase of up to $30.0 million of S1 common stock was authorized. In August 2007, the Company's Board of Directors increased the authorization under the stock repurchase program by an additional $20.0 million. As of December 12, 2007, the Company had repurchased and canceled approximately 6.6 million shares of S1 common stock for an aggregate purchase price of approximately $50.0 million.

The stock repurchase program does not obligate the Company to acquire any particular amount of S1 common stock and the program may be modified or suspended at any time or from time to time without prior notice at the Company's discretion. Purchases will be funded from available cash.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukvisit www.capgemini.com/worldreportsRegister for the webinar

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10925 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10065 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7850 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7546 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7296 views comments | 10 tweets | 14 linkedin

Featured job

Hong Kong, Asia-Pacific

Find your next job