Advertisement

WordPress

GoDaddy Announces $250 Million Accelerated Share Repurchase Plan

Advertisement

TEMPE, Ariz., Aug. 12, 2021 /PRNewswire/ — GoDaddy Inc. (NYSE: GDDY), the corporate that empowers on a regular basis entrepreneurs, right this moment introduced it has entered into an accelerated share repurchase settlement (ASR) with Goldman Sachs & Co. LLC to repurchase $250 million of GoDaddy’s frequent inventory. The ASR was entered into pursuant to GoDaddy’s share repurchase program, underneath which roughly $750 million share repurchase authorization will stay obtainable upon completion of the ASR.

“The accelerated repurchase reinforces our confidence within the long-term alternative for GoDaddy and our dedication to creating shareholder worth,” stated GoDaddy CFO Mark McCaffrey.

Advertisement

Following completion of this system, GoDaddy may have repurchased a complete of roughly 6.9 million shares year-to-date, representing 4% of whole shares excellent. Since January 2020, GoDaddy may have repurchased roughly 16.9 million shares, representing greater than 9% of whole shares excellent. The ultimate settlement of the ASR is anticipated to be accomplished in Q3 of 2021.

Advertisement

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Info set forth on this communication comprises forward-looking statements that contain a variety of dangers and uncertainties. GoDaddy cautions readers that any forward-looking info just isn’t a assure of future efficiency and that precise outcomes might differ materially from these contained within the forward-looking info. These statements embrace, however will not be restricted to, statements about GoDaddy’s long-term alternative and the anticipated completion date of the ASR. Ahead-looking statements contain a variety of dangers, uncertainties or different elements past our management. These elements embrace, however will not be restricted to, our means to implement our strategic initiatives, financial, political and market situations and fluctuations, authorities and trade regulation, rate of interest threat, U.S. and international competitors, and different elements detailed in our filings with the U.S. Securities and Alternate Fee, together with our annual stories on Type 10-Okay and quarterly stories on Type 10-Q, which can be found on the SEC’s web site at www.sec.gov. GoDaddy undertakes no obligation to publicly replace any forward-looking assertion, whether or not on account of new info, future occasions or in any other case.

About GoDaddy

GoDaddy is empowering on a regular basis entrepreneurs world wide by offering all the assist and instruments to succeed on-line. GoDaddy is the place individuals come to call their thought, construct knowledgeable web site, entice prospects, promote their services and handle their work. Our mission is to provide our prospects the instruments, insights and the individuals to rework their concepts and private initiative into success. To study extra in regards to the firm go to www.GoDaddy.com.

Supply: GoDaddy Inc.

© 2021 GoDaddy Inc. All Rights Reserved.

SOURCE GoDaddy Inc.

rt

Associated Hyperlinks

http://www.godaddy.com

Advertisement

Travel Guides

Travel Guides Buzz has breaking travel news, travel hotels, America travel guides, travel photos, latest travel news, Asia travel guides, Europe travel guides, Australia travel guides and all the trending buzz you’ll want to share with your friends. Copyright Travel Guides Buzz.

Related Articles

Back to top button