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6-K: New Oriental Extends Share Repurchase Program

6-K: New Oriental Extends Share Repurchase Program

6-K:新东方延长股票回购计划
美股sec公告 ·  05/24 07:01
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New Oriental Education & Technology Group Inc. (New Oriental), a leading provider of private educational services in China, has announced the extension of its share repurchase program. The program, which was initially launched in 2022 and amended in 2023, is now set to continue through May 31, 2025. As reported on May 24, 2024, the company has already repurchased approximately $246.3 million worth of its American Depositary Shares (ADSs) and still has around $153.7 million authorized for future repurchases. The buybacks will be conducted through various methods such as open market transactions, privately negotiated transactions, block trades, or other legal means, subject to market conditions and regulatory requirements. The board of directors of New Oriental will periodically review and may adjust the terms and size of the Share Repurchase Program. The company's ADSs, each representing ten common shares, are traded on the New York Stock Exchange (NYSE), and its shares are also listed on the Stock Exchange of Hong Kong (SEHK), with full fungibility between the two.
New Oriental Education & Technology Group Inc. (New Oriental), a leading provider of private educational services in China, has announced the extension of its share repurchase program. The program, which was initially launched in 2022 and amended in 2023, is now set to continue through May 31, 2025. As reported on May 24, 2024, the company has already repurchased approximately $246.3 million worth of its American Depositary Shares (ADSs) and still has around $153.7 million authorized for future repurchases. The buybacks will be conducted through various methods such as open market transactions, privately negotiated transactions, block trades, or other legal means, subject to market conditions and regulatory requirements. The board of directors of New Oriental will periodically review and may adjust the terms and size of the Share Repurchase Program. The company's ADSs, each representing ten common shares, are traded on the New York Stock Exchange (NYSE), and its shares are also listed on the Stock Exchange of Hong Kong (SEHK), with full fungibility between the two.
中国领先的私立教育服务提供商新东方教育科技集团有限公司(新东方)宣布延长其股票回购计划。该计划最初于2022年启动,并于2023年进行了修订,现在将持续到2025年5月31日。据2024年5月24日报道,该公司已经回购了价值约2.463亿美元的美国存托股票(ADS),并且仍有约1.537亿美元获准进行未来回购。回购将通过各种方法进行,例如公开市场交易、私下谈判交易、大宗交易或其他合法手段,但须视市场条件和监管要求而定。新东方董事会将定期审查并可能调整股票回购计划的条款和规模。该公司的ADS各代表十股普通股,在纽约证券交易所(NYSE)上市,其股票也在香港联合交易所(SEHK)上市,两者之间完全可互换。
中国领先的私立教育服务提供商新东方教育科技集团有限公司(新东方)宣布延长其股票回购计划。该计划最初于2022年启动,并于2023年进行了修订,现在将持续到2025年5月31日。据2024年5月24日报道,该公司已经回购了价值约2.463亿美元的美国存托股票(ADS),并且仍有约1.537亿美元获准进行未来回购。回购将通过各种方法进行,例如公开市场交易、私下谈判交易、大宗交易或其他合法手段,但须视市场条件和监管要求而定。新东方董事会将定期审查并可能调整股票回购计划的条款和规模。该公司的ADS各代表十股普通股,在纽约证券交易所(NYSE)上市,其股票也在香港联合交易所(SEHK)上市,两者之间完全可互换。
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