Endurance International Group Announces $40 Million Share Repurchase Authorization
10 Marzo 2020 - 2:05PM
Endurance International Group Holdings, Inc. (Nasdaq: EIGI), a
leading provider of cloud-based platform solutions designed to help
small and medium-sized businesses succeed online, today announced
that its Board of Directors authorized the repurchase of up to $40
million of common stock on the open market, in privately
negotiated transactions or otherwise.
Endurance will determine the timing and amount of shares
repurchased, if any, depending on its evaluation of market and
other conditions. The company expects to fund any repurchases
using cash on hand and cash generated from operations. The share
repurchase program may be suspended or discontinued at any
time.
Forward-Looking StatementsStatements in this
press release regarding Endurance’s intention to repurchase shares
of its common stock from time to time under the share repurchase
program and the expected source of funding for the program are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. There are a
number of important factors that could cause actual events to
differ materially from those suggested or indicated by such
forward-looking statements. These include, among others, the
prevailing market price of the company's stock from time to time,
the nature of other investment opportunities presented to the
company from time to time, the company's cash flows from
operations, general economic and market conditions, and other risks
and uncertainties discussed in our filings with the SEC, including
those set forth under the caption “Risk Factors” in the company’s
Annual Report on Form 10-K for the period ended December 31, 2019
filed with the SEC on February 14, 2020 and other reports the
company files with the SEC.
About Endurance International GroupEndurance
International Group Holdings, Inc. (Nasdaq:EIGI) helps millions of
small businesses worldwide with products and technology to enhance
their online web presence, email marketing, business solutions, and
more. The Endurance family of brands includes: Constant Contact,
Bluehost, HostGator, Domain.com and SiteBuilder, among others.
Headquartered in Burlington, Massachusetts, Endurance employs over
3,700 people across the United States, Brazil, India and the
Netherlands. For more information, visit: www.endurance.com.
Endurance International Group and the compass logo are
trademarks of The Endurance International Group, Inc.
Constant Contact, the Constant Contact logo and other brand names
of Endurance International Group are trademarks of The Endurance
International Group, Inc. or its subsidiaries.
Investor Contact:Angela WhiteEndurance International Group(781)
852-3450ir@endurance.com
Press Contact:Kristen AndrewsEndurance International Group(781)
418-6716press@endurance.com
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