iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, and its board of directors has approved a share repurchase program. The program is designed to enable the company to purchase its own American depositary shares (“ADSs”), up to a total of $20 million. According to the announcement, iClick plans to effect the share repurchase in three different ways: on the open market at market prices, in negotiated off-market transactions off the market, or in other legally permissible means as market conditions warrant and in compliance with applicable requirements. The company noted that the share repurchase program does not require any particular number of ADSs be purchased; the program may also be suspended, terminated or extended at any time at the company’s discretion. “This share repurchase program demonstrates our continued confidence in our long-term business growth despite headwinds in the current environment,” said iClick CEO and chair Jian “T.J.” Tang in the press release. “We remain committed to creating shareholder value, and believe that our business strategy and execution capability will continue to drive the long-term growth of the firm.”
To view the full press release, visit https://ibn.fm/a2np6
About iClick Interactive Asia Group Limited
iClick is a leading enterprise and marketing cloud platform in China. The company’s mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick’s full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in 11 locations across Asia and Europe. For more information about the company, please visit www.iClick.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://ibn.fm/ICLK
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