Bottomline Announces Stock Repurchase Program
(Thomson Reuters ONE) -
PORTSMOUTH, N.H., Aug. 25, 2016 (GLOBE NEWSWIRE) -- Bottomline Technologies
(NASDAQ:EPAY), a leading provider of cloud-based business payment, invoice and
banking solutions, today announced that its Board of Directors has authorized a
share repurchase program of up to $60 million. The program was authorized on
July 8, with repurchases to begin on August 30, 2016.
"We believe our stock is an attractive investment opportunity at current
levels," said Rick Booth, Chief Financial Officer. "Our strong balance sheet and
predictable cash flow allows us to repurchase shares while continuing to invest
in opportunities that will drive long-term growth."
Stock repurchases may be executed pursuant to trading plans established pursuant
to Rule 10b5-1 under the Securities Exchange Act of 1934 and through various
means, including, without limitation, open market transactions, privately
negotiated transactions or tender offers. The Stock Repurchase Program expires
on July 8, 2018 and does not obligate the Company to purchase any shares. The
authorization for the Stock Repurchase Program may be terminated, increased or
decreased by the Company's Board of Directors at any time.
About Bottomline Technologies
Bottomline Technologies (NASDAQ:EPAY) helps businesses pay and get paid. We make
complex business payments simple, secure and seamless by providing a trusted and
easy-to-use set of cloud-based business payment, digital banking, fraud
prevention and financial document 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.
Cautionary Language
This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. 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, 2015 and the subsequently filed Form 10-Q's and Form 8-K's or amendments
thereto. We also post additional financial information (such as financial
results, non-GAAP financial projections, GAAP to Non-GAAP reconciliations and
links to our Security and Exchange Commission filings) within the "Investors"
section of our website. 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
603-501-6270
rbooth(at)bottomline.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bottomline Technologies, Inc. via GlobeNewswire
Datum: 25.08.2016 - 22:02 Uhr
Sprache: Deutsch
News-ID 491246
Anzahl Zeichen: 4346
contact information:
Town:
Portsmouth, NH
Kategorie:
Business News
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"Bottomline Announces Stock Repurchase Program"
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