ADM (NYSE: ADM) announced today that its Board of Directors authorized an extension of ADM’s share repurchase program.
The original 5-year program authorized the purchase of 100,000,000 shares of ADM stock in between Jan. 1, 2015, and Dec. 31, 2019. In 2019, the program was extended through Dec. 31, 2024 and increased to 200,000,000 shares. The program has now been extended an additional five years, and the Board also authorized repurchases of up to an additional 100,000,000 shares under the extended program.
The share repurchase program now authorizes the purchase of 300,000,000 shares through Dec. 31, 2029. Following this increase, there are 114,764,049 shares remaining available for future repurchases after reflecting past repurchases under the program. As previously disclosed, the number and timing of any shares repurchased will be determined at the discretion of the Company.
About ADM
ADM unlocks the power of nature to enrich the quality of life. We’re an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. We’re a premier human and animal nutrition provider, offering one of the industry’s broadest portfolios of ingredients and solutions from nature. We’re a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. We’re a cutting-edge innovator, guiding the way to a future of new consumer and industrial solutions. And we're a leader in sustainability, scaling across entire value chains to help decarbonize the multiple industries we serve. Around the globe, our innovation and expertise are meeting critical needs while nourishing quality of life and supporting a healthier planet. Learn more at www.adm.com.
Source: Corporate Release
Source: ADM
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