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Businesswire
WNS Announces Board Authorization of ADS Repurchase Program
January 18, 2018
Business Wire IndiaWNS (Holdings) Limited (WNS) (NYSE:WNS) a leading provider of global Business Process Management (BPM) services, today announced that its Board of Directors has authorized a program to repurchase up to 3.3 million American Depositary Shares (“ADSs”), each representing one ordinary share, at a price range of $10 to $100 per ADS. The share repurchase program is subject to shareholders’ approval. WNS intends to convene an extraordinary general meeting of its shareholders in the fourth quarter of fiscal 2018 to seek shareholders’ approval of the share repurchase program. If shareholders approve the repurchase program, ADSs may be purchased in the open market from time to time for a period of 36 months from the date of shareholders’ approval. WNS intends to fund the share repurchases with cash on hand. These repurchases will be made in compliance with the SEC’s Rule 10b-18, subject to market conditions, applicable legal requirements and other factors. The plan does not obligate the company to repurchase any specific number of shares and may be suspended at any time at management’s discretion. The company had 50.3 million ordinary shares outstanding as of December 31, 2017.
Source: Businesswire
Source: Businesswire
