Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events
19 1월 2021 - 1:47PM
Triterras Inc. (Nasdaq: TRIT, TRITW), a leading
fintech company for trade and trade finance, has authorized a share
repurchase program of up to $50 million and provided updates on
other recent events.
$50 Million Share Repurchase ProgramTriterras’
recent share price has created an attractive opportunity for the
company to institute a stock repurchase program. The Board of
Directors has approved a share repurchase of up to $50 million of
the Company’s common stock in open market or privately negotiated
transactions, which may or may not be conducted through 10b5-1
plans.
Triterras Chairman and CEO Srinivas Koneru Open Market
Share PurchasesOn December 21, 2020,
Chairman and CEO Srinivas Koneru announced his intention to
purchase Triterras’ shares in the open market. Thus far, purchases
have been made of 169,652 shares by Mr. Koneru.
Statement in Response to Recent Short Report and Market
ManipulationLast week, Triterras was the target of a short
report that is part of what the Company believes to be an attempt
by one or more short sellers to manipulate the market for their own
financial gain. The authors of this report did not contact any
representative of the Company before publishing it, and the report
contains many inaccurate statements. The Company has made a
statement regarding this report via 6 K, and the statement can also
be accessed on the Company’s website at the following link:
https://ir.triterras.com/news-events/press-releases.
About Triterras Triterras is a
leading fintech company focused on trade and trade finance. It
launched and operates Kratos™—one of the world’s largest commodity
trading and trade finance platforms that connects and enables
commodity traders to trade and source capital from lenders directly
online. For more information, please visit www.triterras.com or
email us at contact@triterras.com.
Forward Looking StatementsThis press release
includes “forward-looking statements” within the meaning of the
“safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. Triterras’ actual results may differ from their
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements
include Triterras’ expectations with respect to future performance.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside Triterras’ control and are difficult to predict. Factors
that may cause such differences include but are not limited to
risks and uncertainties incorporated by reference under “Risk
Factors” in Triterras’ Form 20-F (001-39693) filed with the
Securities and Exchange Commission (the “SEC”) on November 16, 2020
(the “Form 20-F”) and in Triterras’ other filings with the SEC.
Triterras cautions that the foregoing list of factors is not
exclusive. Triterras cautions readers not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made. Triterras does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances
on which any such statement is based.
Investor Relations Contacts:Jim Groh, Triterras
Inc.Mobile: +1 (678) 237-7101Email: IR@triterras.com
Gateway Investor RelationsCody Slach and Matt GloverOffice: +1
(949) 574-3860Email: TRIT@gatewayir.com Media
Contacts:Gregory PapajohnOffice of Corporate
CommunicationsTriterras, Inc.Mobile: +1 (917) 287-3626Email:
press@triterras.com
Edmond Lococo, ICR Inc.Mobile: +86 138-1079-1408Email:
Edmond.Lococo@icrinc.com
Triterras (NASDAQ:TRITW)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Triterras (NASDAQ:TRITW)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024