2023-03-13 10:03:55 ET
- ON24 ( NYSE: ONTF ) Board of Directors has authorized the expansion of its previously announced $100M capital return program by an incremental $25M.
- The company will return an additional $25M to shareholders in the form of a special cash dividend, delivering in the aggregate a $50M special cash dividend payable in the FQ2 2023.
- The company expects the remaining $75 million of capital return to be effected through a combination of an accelerated share repurchase program and/or open market purchases, to be completed within the next 12 months.
- Upon completion of the $125M capital return program, ON24 will have returned $166M of capital since December 2021.
For further details see:
ON24 expands capital return program to $125M