One Communications Share Buyback Program
In a filing with the Bermuda Stock Exchange [BSX], One Communications announced their Share Buyback Programme for 2019.
The filing stated: “The Board of Directors of One Communications Ltd. has authorized the repurchase of up to 2 million common shares of the Company through an open market programme. The prior year’s programme will expire on 31 December 2018. The new programme will run until 31 December 2019 and may commence repurchases on 2 January 2019.
The Company’s CEO, Frank Amaral, said, “While we have no current plan or goal as to timing or amount of purchases, we intend to utilize the buyback programme opportunistically, with a view to balancing other potential uses for our capital. The buyback programme provides us with an additional tool for enhancing shareholder value.”
One Communications Ltd. is a Bermuda-based publicly traded company that provides telecommunications services in Bermuda and the Cayman Islands. The common shares of the Company are listed on the Bermuda Stock Exchange [BSX] and trade as ONE.BH.
