DHI Group, Inc. (NYSE: DHX) has announced that its Board of Directors authorized a new stock repurchase program that permits the repurchase of up to $5 million of the Company’s common stock. It is currently trading just above $2 per share.
This new authorization will be effective February 10, 2025 and is approved to run through February 9, 2026, subject to any future extension in the discretion of DHI’s Board of Directors. Under the program, management has discretion in determining the conditions under which shares may be purchased from time to time, including block trades.
“DHI’s Board of Directors and management team are committed to delivering value to our shareholders,” said Greg Schippers, Interim Chief Financial Officer of DHI Group, Inc. “We believe this repurchase program reflects our confidence in the execution of our strategic priorities and strength of the business. We will continue to monitor the program in light of changes we see in the capital markets or the economy in general.”
Repurchases will be made in accordance with applicable securities laws in the open market, in privately negotiated transactions or through other means. The number, price, structure, and timing of the repurchases, if any, will be at our sole discretion and future repurchases will be evaluated by us depending on market conditions, liquidity needs, restrictions under the agreements governing our indebtedness, and other factors. The repurchase authorization does not oblige us to acquire any particular amount of our common stock. The Board of Directors may suspend, modify, or terminate the stock repurchase program at any time without prior notice.
