Oddity Tech board approves USD 200 million share buyback plan

Reuters03-12 20:08
Oddity Tech board approves USD 200 million share buyback plan

Oddity said its board approved a share buyback program authorizing repurchases of up to USD 200 million of its Class A ordinary shares. The company said the new program replaces and supersedes its prior USD 150 million buyback plan and expires on March 31, 2029. Oddity said it had repurchased about USD 97 million under the prior authorization, including about USD 50 million year-to-date. The company said repurchases may be conducted in the open market, including under Rule 10b5-1 trading plans, or in privately negotiated transactions. Oddity said the program does not obligate it to repurchase any specific number of shares and may be suspended, modified, or discontinued at any time.

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