ENR - Energizer enters into $75 million share repurchase program

Energizer Holdings (NYSE:ENR) enters an agreement to repurchase $75 million of its common stock in an accelerated share repurchase program with JPMorgan Chase, National Association. Per terms, Energizer will make an initial payment of $75 million to JPM and receive an initial delivery of ~1.5 million shares. The final number of shares to be repurchased will be based on the average of the daily volume-weighted average prices. The final settlement of the ASR program is expected to be completed before the end of the calendar year 2021. The ASR program is a part of its existing 7.5 million share repurchase authorization, which its Board approved in November 2020.

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Energizer enters into $75 million share repurchase program