Latest news with #PrivateSecuritiesLitigationReformActof1995
Business Wire
a day ago
- Business
- Business Wire
Real Announces $150 Million Share Repurchase Authorization
MIAMI--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers, and sellers, today announced that its Board of Directors has authorized a new share repurchase program for up to the lesser of $150 million in value, or 35 million in shares. 'This new authorization reflects our Board's confidence in Real's long-term strategy, and our commitment to delivering value to shareholders,' said Tamir Poleg, Chairman and Chief Executive Officer of Real. 'We remain focused on disciplined capital allocation, including investing in innovation, supporting our agents, and returning capital to shareholders.' The timing and total amount of stock repurchases will depend upon market conditions and may be made from time to time in open market purchases. This program has no termination date provided it continues to comply with exemptions from the issuer bid requirements of applicable Canadian securities laws at the applicable time. The program may be suspended or discontinued at any time and does not obligate the company to acquire any amount of common shares. About Real Real (NASDAQ: REAX) is a real estate experience company working to make life's most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports over 27,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at Forward-Looking Statements Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the stock repurchase authorization. These forward-looking statements are subject to risks, uncertainties and assumptions, including the risk that no shares are repurchased. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements. They include the risks discussed under the heading 'Risk Factors' in the Company's Annual Information Form dated March 6, 2025, and 'Risks and Uncertainties' in the Company's Quarterly Management's Discussion and Analysis for the period ended March 31, 2025, copies of which are available under the Company's SEDAR+ profile at It is not possible for management to predict all the possible risks that could affect Real or to assess the impact of all possible risks on Real's business.
Yahoo
a day ago
- Business
- Yahoo
Real Announces $150 Million Share Repurchase Authorization
MIAMI, May 30, 2025--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers, and sellers, today announced that its Board of Directors has authorized a new share repurchase program for up to the lesser of $150 million in value, or 35 million in shares. "This new authorization reflects our Board's confidence in Real's long-term strategy, and our commitment to delivering value to shareholders," said Tamir Poleg, Chairman and Chief Executive Officer of Real. "We remain focused on disciplined capital allocation, including investing in innovation, supporting our agents, and returning capital to shareholders." The timing and total amount of stock repurchases will depend upon market conditions and may be made from time to time in open market purchases. This program has no termination date provided it continues to comply with exemptions from the issuer bid requirements of applicable Canadian securities laws at the applicable time. The program may be suspended or discontinued at any time and does not obligate the company to acquire any amount of common shares. About Real Real (NASDAQ: REAX) is a real estate experience company working to make life's most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports over 27,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at Forward-Looking Statements Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the stock repurchase authorization. These forward-looking statements are subject to risks, uncertainties and assumptions, including the risk that no shares are repurchased. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements. They include the risks discussed under the heading "Risk Factors" in the Company's Annual Information Form dated March 6, 2025, and "Risks and Uncertainties" in the Company's Quarterly Management's Discussion and Analysis for the period ended March 31, 2025, copies of which are available under the Company's SEDAR+ profile at It is not possible for management to predict all the possible risks that could affect Real or to assess the impact of all possible risks on Real's business. View source version on Contacts Ravi JaniChief Financial Officerinvestors@ 908.280.2515For media inquiries, please contact:Elisabeth WarrickSenior Director, Marketing, Communications & Brandelisabeth@ 201.564.4221
Yahoo
a day ago
- Business
- Yahoo
Athene Announces Redemption of All Outstanding Series C Preferred Stock and Related Depositary Shares
WEST DES MOINES, Iowa, May 30, 2025 (GLOBE NEWSWIRE) -- Athene Holding Ltd. ('Athene') today announced it will redeem all outstanding shares of its 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C (the 'Series C Preferred Stock'), and the corresponding depositary shares (CUSIP: 04686J 309; ISIN: US04686J3095) (the 'Depositary Shares'), each representing a 1/1,000th interest in a share of the Series C Preferred Stock. The Series C Preferred Stock will be redeemed on the upcoming dividend payment date on June 30, 2025 (the 'Redemption Date'). All 24,000,000 Depositary Shares currently outstanding will be redeemed on the Redemption Date. On and after the Redemption Date, no shares of Series C Preferred Stock or Depositary Shares will remain outstanding. The Depositary Shares will be redeemed at a redemption price of $25.00 per Depositary Share (equivalent to $25,000 per share of Series C Preferred Stock) (the 'Redemption Price'). The regular quarterly dividend on the Depositary Shares was separately declared and will be paid separately on June 30, 2025 to holders of record on June 15, 2025 for such dividend payment in the customary manner. Accordingly, the Redemption Price does not include any accrued and unpaid dividends. No further dividends will be declared or paid following the Redemption Date. Simultaneously with the redemption of the Series C Preferred Stock, the outstanding Depositary Shares will be redeemed on the Redemption Date in accordance with the applicable procedures of The Depository Trust Company ('DTC'), for an amount per Depositary Share equal to the Redemption Price. All Depositary Shares are held in book-entry form through DTC. Payment to DTC for the Depositary Shares will be made by Computershare Inc. and Computershare Trust Company, N.A., collectively, as redemption agent. The address for the redemption agent is as follows: Computershare Trust Company, Corporate Actions150 Royall MA 02021 Investors in the Depositary Shares should contact the bank or broker through which they hold a beneficial interest in the Depositary Shares for information about obtaining the Redemption Price for the shares of Depositary Shares in which they have a beneficial interest. About AtheneAthene is the leading retirement services company with over $380 billion of total assets as of March 31, 2025, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. Forward-Looking StatementsThis press release contains, and certain oral statements made by Athene's representatives from time to time may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks, uncertainties and assumptions that could cause actual results, events and developments to differ materially from those set forth in, or implied by, such statements. These statements are based on the beliefs and assumptions of Athene's management and the management of Athene's subsidiaries. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words 'believes,' 'expects,' 'intends,' 'anticipates,' 'plans,' 'seeks,' 'estimates,' 'projects,' 'may,' 'will,' 'could,' 'might,' 'should,' or 'continues' or similar expressions. Forward-looking statements within this press release include, but are not limited to, statements regarding future growth prospects and financial performance. Although Athene management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. For a discussion of other risks and uncertainties related to Athene's forward-looking statements, see its annual report on Form 10-K for the year ended December 31, 2024, which can be found at the SEC's website All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Athene does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Media ContactJeanne HessVP, External Relations+1 646 768 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
a day ago
- Business
- Business Wire
CACI to Take on New Mission-Critical Work within the Intelligence Community
RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it has been awarded nearly $638 million in new contracts within the intelligence community to support various national security efforts. We possess unparalleled mission knowledge valuable to the Intelligence Community. 'As a leader in managing complex, specialized requirements for classified customers, we possess unparalleled mission knowledge valuable to the Intelligence Community,' said John Mengucci, CACI President and Chief Executive Officer. 'These new contract awards expand upon our decades of experience and understanding of their unique objectives, which accelerates effective outcomes, drives positive results, and allows personnel to stay focused on achieving ongoing success in an ever-evolving threat landscape." CACI provides best-in-class solutions to meet mission-critical requirements and complex challenges — 24/7/365. As a trusted partner to intelligence and defense agencies, the company leverages its extensive, results-driven expertise in conjunction with state-of-the-art methodologies and technologies, helping analysts and operators around the world deliver uncompromising national security. About CACI At CACI International Inc (NYSE: CACI), our 25,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers' greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof. CACI-Contract Award-Business Wire
Yahoo
a day ago
- Automotive
- Yahoo
Group 1 Automotive Announces Maturity Extension and Upsize of Revolving Credit Facility to $3.5 Billion
HOUSTON, May 30, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 263 dealerships located in the U.S. and U.K., today announced a $1.0 billion upsize in its revolving syndicated credit facility to $3.5 billion and the extension of the maturity to May 30, 2030. The syndicated credit facility can be expanded to $4.5 billion total availability, subject to lender approval. The 18 lending parties in the syndicated facility include six manufacturer-affiliated finance companies and 12 commercial banks. The six manufacturer-affiliated finance companies are: BMW Financial Services N.A., LLC; Toyota Motor Credit Corporation; Mercedes-Benz Financial Services USA LLC; American Honda Finance Corporation; VW Credit, Inc.; and Hyundai Capital America. The 12 commercial banks are: U.S. Bank National Association; Bank of America, N.A.; JPMorgan Chase Bank, N.A.; PNC Bank, National Association; Wells Fargo Bank, N.A.; Truist Bank; Ally Bank; Santander Bank, N.A.; Manufacturers and Traders Trust Company; Barclays Bank PLC; Flagstar Bank, N.A.; and Zions Bancorporation, N.A. (dba Amegy Bank). The syndication was arranged through U.S. Bank National Association, Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A. and PNC Bank, National Association. "The $3.5 billion amended and extended revolving credit facility further strengthens our financial flexibility by providing expanded access to reasonably priced capital to support our business strategy," said Daniel McHenry, Group 1's Senior Vice President and Chief Financial Officer. "Our strong relationship with our lenders is reflected in the commitments they have made, and we want to thank them for their ongoing support and partnership." ABOUT GROUP 1 AUTOMOTIVE, INC. Group 1 owns and operates 263 automotive dealerships, 336 franchises, and 39 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. Group 1 discloses additional information about the Company, its business, and its results of operations at and FORWARD-LOOKING STATEMENTS This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements often include statements regarding our relationship with our lenders and our ability to expand our syndicated credit facility. These forward-looking statements often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," "foresee," "may" or "will" and similar expressions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the impacts of sustained levels of inflation, (c) developments in U.S. and global trade policy, including the imposition by the U.S. of significant tariffs on the import of automobiles and certain materials used in our parts and services business and the resulting consequences (including, but not limited to, retaliatory tariffs by non-U.S. nations, supply chain disruptions and potential recessions in the U.S. and U.K.), (d) the level of manufacturer incentives, (e) our ability to comply with extensive laws, regulations and policies applicable to our operations, (f) our ability to obtain an inventory of desirable new and used vehicles (including as a result of changes in the international trade environment), (g) our relationship with our automobile, (h) our cost of financing and the availability of credit for consumers, (i) foreign exchange controls and currency fluctuations, (j) the armed conflicts in Ukraine and the Middle East, (k) our ability to maintain sufficient liquidity to operate, and (l) a material failure in or breach of our vendors' information technology systems and other cybersecurity incidents. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise. Investor contacts:Terry BrattonManager, Investor RelationsGroup 1 Automotive, Media contacts:Pete DeLongchampsSenior Vice President, Financial Services and Manufacturer RelationsGroup 1 Automotive, Kimberly BartaHead of Marketing and CommunicationsGroup 1 Automotive, or Jude Gorman / Clayton ErwinCollected StrategiesGroup1-CS@ View original content: SOURCE Group 1 Automotive, Inc.
