Hamilton Share Repurchase Authorization
Hamilton Insurance Group, Ltd. announced that its Board of Directors has approved a $150 million increase to the Company’s existing share repurchase authorization.
A spokesperson said, “Under the Authorization, Hamilton may repurchase shares through open market transactions and/or privately negotiated purchases, including pursuant to repurchase plans adopted under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The Authorization will remain in effect until the Company has repurchased the full value of shares authorized, unless earlier terminated by the Hamilton Board of Directors.
“The timing, as well as the number and value of the common shares being repurchased, will be determined by the Company at its discretion and will depend on a variety of factors, including the capital position of the Company and the market price of the Company’s common shares.”
