Spok Authorizes New $10 Million Stock Repurchase Program
Aug 06, 2018 4:10 PM
"Today's announcement reflects our commitment to disciplined capital
management and the desire to balance investments in our businesses to
generate profitable growth while at the same time returning capital to
shareholders in the form of stock repurchases and dividends,” said
The timing and the amount of any repurchases of common stock will be determined by Spok’s board based on its evaluation of market conditions and other factors. Repurchases of common stock will be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased common stock will be available for use in connection with the Company's stock plans and for other corporate purposes.
About Spok
Spok is a trademark of
Safe Harbor Statement under the Private Securities Litigation Reform
Act: Statements contained herein or in prior press releases which
are not historical fact, such as statements regarding Spok’s future
operating and financial performance, are forward-looking statements for
purposes of the safe harbor provisions under the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve
risks and uncertainties that may cause Spok’s actual results to be
materially different from the future results expressed or implied by
such forward-looking statements. Factors that could cause actual results
to differ materially from those expectations include, but are not
limited to, declining demand for paging products and services, continued
demand for our software products and services, our ability to develop
additional software solutions for our customers and manage our
development as a global organization, the ability to manage operating
expenses, future capital needs, competitive pricing pressures,
competition from both traditional paging services and other wireless
communications services, competition from other software providers,
government regulation, reliance upon third-party providers for certain
equipment and services, unauthorized breaches or failures in
cybersecurity measures adopted by us and/or included in our products and
services, as well as other risks described from time to time in our
periodic reports and other filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20180806005473/en/
Al.Galgano@spok.com
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