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2021-08-20

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Spotify announces $1B share repurchase program

The board of directors of Spotify Technology(NYSE:SPOT)hasauthorizedto repurchase 10M company’s ordi

Spotify announces $1B share repurchase program

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpotify announces $1B share repurchase program\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-20 19:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3732598-spotify-announces-1b-share-repurchase-program><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The board of directors of Spotify Technology(NYSE:SPOT)hasauthorizedto repurchase 10M company’s ordinary shares, up to the amountof $1B, representing 2.5% of the market-cap of $39.31B.\nBuyback will ...</p>\n\n<a href=\"https://seekingalpha.com/news/3732598-spotify-announces-1b-share-repurchase-program\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPOT":"Spotify Technology S.A."},"source_url":"https://seekingalpha.com/news/3732598-spotify-announces-1b-share-repurchase-program","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1126467168","content_text":"The board of directors of Spotify Technology(NYSE:SPOT)hasauthorizedto repurchase 10M company’s ordinary shares, up to the amountof $1B, representing 2.5% of the market-cap of $39.31B.\nBuyback will begin in 3Q21 and will expire on April 21, 2026.\n“This announcement demonstrates our confidence in Spotify’s business and the growth opportunities we see over the long term,” said Paul Vogel, Chief Financial Officer at Spotify. “We believe this is an attractive use of capital, and based on the strength of our balance sheet, we continue to see ample opportunity to invest and grow our business.”\nShares up 1.13% premarket.\n\nA quick look at company's current ownership status, ~58.5% of shares outstanding are owned by institutions and 13.25% by Public and Other:","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}