DHI Group Announces New $5 Million Stock Repurchase Program
21 Januar 2025 - 10:15PM
Business Wire
DHI Group, Inc. (NYSE: DHX) today 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.
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.
About DHI Group, Inc.
DHI Group, Inc (NYSE: DHX) is a provider of AI-powered career
marketplaces that focus on technology roles. DHI's two brands, Dice
and ClearanceJobs, enable recruiters and hiring managers to
efficiently search for and connect with highly skilled
technologists based on the skills requested. The Company's patented
algorithm manages over 100,000 unique technology skills.
Additionally, our marketplaces allow technology professionals to
find their ideal next career opportunity, with relevant advice and
personalized insights. Learn more at www.dhigroupinc.com.
Forward-Looking Statement
This press release and oral statements made from time to time by
our representatives contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. You should
not place undue reliance on those statements because they are
subject to numerous uncertainties and factors relating to our
operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Forward-looking
statements include, without limitation, information concerning our
possible or assumed future financial condition, liquidity and
results of operations, including expectations (financial or
otherwise), our strategy, plans, objectives, expectations
(financial or otherwise) and intentions, growth potential, and
statements regarding our 2025 financial outlook. These statements
often include words such as “may,” “will,” “should,” “believe,”
“expect,” “anticipate,” “intend,” “plan,” “estimate” or similar
expressions. These statements are based on assumptions that we have
made in light of our experience in the industry as well as our
perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances. Although we believe that these
forward-looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual financial
results or results of operations and could cause actual results to
differ materially from those in the forward-looking statements.
These factors include, but are not limited to, our ability to
execute our tech-focused strategy, competition from existing and
future competitors in the highly competitive markets in which we
operate, failure to adapt our business model to keep pace with
rapid changes in the recruiting and career services business,
failure to maintain and develop our reputation and brand
recognition, failure to increase or maintain the number of
customers who purchase recruitment packages, cyclicality or
downturns in the economy or industries we serve, uncertainty in
respect to the regulation of data protection and data privacy,
failure to attract qualified professionals to our websites or grow
the number of qualified professionals who use our websites, failure
to successfully identify or integrate acquisitions, U.S. and
foreign government regulation of the Internet and taxation, our
ability to borrow funds under our revolving credit facility or
refinance our indebtedness and restrictions on our current and
future operations under such indebtedness. These factors and others
are discussed in more detail in the Company’s filings with the
Securities and Exchange Commission, all of which are available on
the Investors page of our website at www.dhigroupinc.com, including
the Company’s most recently filed periodic reports on Form 10-K and
Form 10-Q and subsequent filings under the headings “Risk Factors,”
“Forward-Looking Statements” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations.” You
should keep in mind that any forward-looking statement made by the
Company or its representatives herein, or elsewhere, speaks only as
of the date on which it is made. New risks and uncertainties come
up from time to time, and it is impossible to predict these events
or how they may affect us. We have no obligation to update any
forward-looking statements after the date hereof, except as
required by applicable federal securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20250121432067/en/
Investor Contact Todd Kehrli or Jim
Byers PondelWilkinson, Inc. 212-448-4181 ir@dhigroupinc.com
Media Contact Rachel Ceccarelli VP
Engagement 212-448-8288 media@dhigroupinc.com
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