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Brightstar Lottery PLC (NYSE:BRSL) reported Thursday that it has repurchased 13,573,035 ordinary shares as part of its accelerated share repurchase (ASR) program. The company made an upfront payment of $250 million for the initial delivery of these shares, each with a nominal value of $0.10. The shares were delivered to the company on August 6.
According to the statement, the maximum and minimum price paid per share was $18.4189. The repurchased shares are being held in treasury.
The company noted that the total number of ordinary shares ultimately deliverable under the $250 million ASR program, along with the final price paid per share, will depend on the average of the daily volume-weighted average prices of the shares during the ASR term, less a discount and subject to possible adjustments under the ASR agreement.
This information is based on a press release statement filed with the Securities and Exchange Commission.
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