Bottomline Announces Stock Repurchase Program
(Thomson Reuters ONE) -
PORTSMOUTH, N.H., June 11, 2015 (GLOBE NEWSWIRE) -- Bottomline Technologies
(Nasdaq:EPAY), a leading provider of cloud-based payment, invoice and banking
solutions, today announced that its Board of Directors has authorized the
repurchase of one million shares of the company's common stock, to be completed
by December 31, 2015.
"We have had early success with several key initiatives which represent
significant opportunities for Bottomline. We are confident these strategic
initiatives will generate positive returns making the purchase of our shares at
current prices attractive," said Rob Eberle, President and CEO of Bottomline
Technologies.
"We continue to invest in new innovations. At the same time our strong balance
sheet and cash flow allow us to return capital to shareholders as part of our
overall capital allocation strategy," said Rick Booth, Chief Financial Officer.
The purchase of one million shares will be completed by December 31, 2015
through purchases on the open market or in privately negotiated
transactions. The program announced today replaces the company's existing stock
repurchase program. An investor conference call will occur at 8:00 a.m. on
Friday, June 12, 2015, summarizing the company's plans for the buyback.
Conference Call Details:
Dial-In Number: U.S. (800) 230-1059
International (612) 332-0228
A digital replay of the conference call will be available from 10:00 a.m. on
June 12, 2015 through midnight on June 25, 2015 The replay can be accessed by
dialing U.S. (800) 475-6701 or International (320) 365-3844, Access Code
362271. The conference call will also be available live at www.bottomline.com.
Following the call, a replay will be available on the website and will remain
accessible for a period of 12 months.
About Bottomline Technologies
Bottomline Technologies (Nasdaq:EPAY) powers mission-critical business
transactions. We help our customers optimize operations and build deeper
customer, partner, and patient relationships by providing a trusted and easy-to-
use set of cloud-based digital banking, fraud prevention, payment, financial
document, insurance, and healthcare solutions. Over 10,000 corporations,
financial institutions, and banks benefit from Bottomline solutions.
Headquartered in the United States, Bottomline also maintains offices in Europe
and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are trademarks of
Bottomline Technologies, Inc. which may be registered in certain jurisdictions.
All other brand/product names may be trademarks of their respective owners.
This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, including statements
reflecting our expectations about our ability to execute on our growth plans.
Any statements that are not statements of historical fact (including but not
limited to statements containing the words "believes," "plans," "anticipates,"
"expects," "look forward", "confident", "estimates" and similar expressions)
should be considered to be forward-looking statements. Actual results may differ
materially from those indicated by such forward-looking statements as a result
of various important factors including, among others, competition, market
demand, technological change, strategic relationships, recent acquisitions,
international operations and general economic conditions. For additional
discussion of factors that could impact Bottomline Technologies' operational and
financial results, refer to our Form 10-K for the fiscal year ended June
30, 2014 and any subsequently filed Form 10-Q's and Form 8-K's or amendments
thereto. Any forward-looking statements represent our views only as of today and
should not be relied upon as representing our views as of any subsequent date.
We do not assume any obligation to update any forward-looking statements.
Media Contact:
Rick Booth
Bottomline Technologies
rbooth(at)bottomline.com
603-501-6270
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Bottomline Technologies, Inc. via GlobeNewswire
[HUG#1928044]
Datum: 11.06.2015 - 22:01 Uhr
Sprache: Deutsch
News-ID 399981
Anzahl Zeichen: 5059
contact information:
Town:
Portsmouth, NH
Kategorie:
Business News
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