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Stock impact report

Wix Announces Streamlined Approval Process for Share Repurchase Programs Following Amendments to Israeli Regulations [Yahoo! Finance]

Wix.com Ltd. - Ordinary Shares (WIX) 
Last wix.com ltd. - ordinary shares earnings: 2/20 01:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel , 5760-2000), (the " Relief Regulations ") which eliminate, subject to certain conditions, the requirement to obtain mandatory Israeli court approval for share repurchases for companies that were otherwise required to obtain such approval. Companies are still subject to other necessary legal approvals outside of the previously mandatory Israeli court approval. These Relief Regulations will streamline required regulatory approvals for share repurchases, allowing Wix to expedite its ability to begin execution of share repurchase activity. As previously announced, Wix is in the process of pursuing the necessary approvals required under Israeli law, now under the new Relief Regulations, for $225 million in additional share repurchases, as authorized by the Board of Directors. About Wix.com Ltd. Wix is the leading SaaS website builder platform to create, manage, and gro Show less Read more
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