Hemisphere Media Group Announces New $25 Million Share Repurchase Plan
Hemisphere Media Group, Inc. - Class A (HMTV)
US:NASDAQ Investor Relations:
hemispheremediagroupinc.gcs-web.com/investor-relations-0
Company Research
Source: PR Newswire
MIAMI, Aug. 15, 2018 /PRNewswire/ -- Hemisphere Media Group, Inc. (NASDAQ: HMTV) ("Hemisphere" or the "Company"), announced today that its Board of Directors has authorized the Company to repurchase its Class A common stock in the open market for an aggregate purchase price of up to $25 million. This stock repurchase program is designed to return value to Hemisphere stockholders, and the Company anticipates utilizing this repurchase program opportunistically from time to time as deemed appropriate. It complements the company's existing $25 million repurchase program."This new authorization highlights the Board and management team's continued confidence in our unique portfolio and business outlook, our strong cash flow generation and our focus on returning capital to shareholders," said Alan Sokol, Chief Executive Officer of Hemisphere. "Our capital allocation priorities have not changed, and we will continue to evaluate attractive M&A opportunities and invest in our business to capita
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