iClick Interactive (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, and its board of directors has announced a share repurchase program. The program allows ICLK to purchase its own ADSs with an aggregate value of up to $15 million during the period of Dec. 30, 2020, to Dec. 31, 2021. The company intends to fund the repurchase using existing cash balance funds, which include monies generated from operations. iClick expects to effect the proposed program in three ways: on the open market at prevailing market prices, in negotiated transactions off the market, and in other permissible ways that are in compliance with applicable requirements. The announcement notes that the company is not obligated to acquire any particular number of ADSs; the share repurchase program may also be suspended, terminated or extended at any time. “This share repurchase program demonstrates our continued confidence in our long-term business growth and successful transformation towards an Integrated Enterprise and Marketing Cloud Platform,” said iClick co-founder and CEO Jian “T.J.” Tang in the press release. “We are committed to creating shareholder value, and believe that our business strategy and execution ability will continue to drive the long-term growth of the firm.”
To view the full press release, visit https://ibn.fm/o8dhM
About iClick Interactive Asia Group Limited
iClick Interactive is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, the company’s proprietary platform possesses omni-channel marketing capabilities and fulfils various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in 10 locations worldwide including 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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