BuybackAug 7, 2026, 04:19 PM
Flex Ltd. Authorizes New $2.0B Share Repurchase Program
AI Summary
Flex Ltd. announced that its Board of Directors has authorized a new share repurchase plan, allowing the company to buy back up to $2.0 billion of its ordinary shares. This follows shareholder approval at the 2026 Annual General Meeting (AGM) for the renewal of the Share Purchase Mandate, permitting the acquisition of up to 20% of its issued and outstanding shares. During the AGM, shareholders also re-elected all nine director nominees, re-appointed Deloitte & Touche LLP as independent auditors, and approved executive compensation on an advisory basis.
Key Highlights
- Flex Ltd. Board authorized a new share repurchase program of up to $2.0 billion.
- Shareholders approved the renewal of the Share Purchase Mandate for up to 20% of outstanding shares.
- Nine nominees for director were re-elected at the Annual General Meeting.
- Deloitte & Touche LLP was re-appointed as independent auditors for fiscal year 2027.
- Shareholders approved, on an advisory basis, named executive officer compensation.
- General authorization for the Board to allot and issue Ordinary Shares was approved.
Price Impact
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