WWE distributed the following through Businesswire regarding a stock repository program:
STAMFORD, Conn- (BUSINESS WIRE) -WWE (NYSE: WWE) today announced that the Board of Directors of its Company has allowed a stock purchase program up to $ 500 million stock common to Company.
Commenting on this news, George Barrios, WWE President, said: "The authorization of a stock repository program which describes our commitment to the Company's shareholders. The decision is supported by the strong financial performance of WWE and demonstrates our future confidence in the Company. We believe we can continue to improve our competitiveness. investing for future growth, sustaining financial flexibility and bringing more capital back to shareholders, and all of us should continue on the way to build long-term value. "
The aims of WWE's capital use strategy are to maintain a strong signal record, allowing it to invest in growth opportunities (both organic growth and growth), and increase the capital back to shareholders. Regulatory plans for the repository stock are fair, even when the repository price is under the relevant value of WWE as voluntarily assessed by directors, and that the results are returned to & # 39; compare well with other capital option options.
The command authority can be carried out occasionally in accordance with all appropriate security and other laws and regulations. The extent to which WWE sells its shares, and the time of those sales, depends on a variety of factors, including liquidity, business, capital, & # 39; market, regulatory requirements and other corporate issues. Re-shops under this program can be funded from one or a variety of existing cash opportunities, free cash flow, and remedies available. The re-purchase program does not require its Company to have a sum or number of digits; Buy the lowest item and may change, stop or stop at any time.
WWE, a public trading company (NYSE: WWE), is a united media organization and a recognized leader in global entertainment. A & A Company; including a package of businesses that create and execute; Delivering 52 week original content for global audiences. WWE is committed to family friendly entertainment on its television, pay-by-line, digital media and publishing platforms. WWE's TV-PG can be seen, family friendly programs in over 800 million worldwide homes in 25 languages. WWE Network, which is the first 24/7 over-the-counter network that is & # 39; including all live pay payments, scheduled programs, and a large video demand library, currently available in over 180 countries. The company has a chief of the chiefs in Stamford, Conn., With offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich, and Tokyo.
Further information about WWE (NYSE: WWE) is available at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.
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