EHang Announces US$30 Million Share Repurchase Program
EHang Holdings (Nasdaq: EH) has announced a US$30 million Share Repurchase Program over the next 12 months for its American Depositary Shares or ordinary shares. The repurchases will be executed through open market transactions, private negotiations, block trades, or other legal means at prevailing market prices. The program's timing and volume will be determined by management based on market conditions, working capital requirements, and other factors. The company plans to fund the buyback using existing cash and operational cash flow.
EHang Holdings (Nasdaq: EH) ha annunciato un programma di riacquisto di azioni da 30 milioni di dollari nei prossimi 12 mesi per le sue azioni di deposito americane o azioni ordinarie. I riacquisti saranno eseguiti attraverso transazioni sul mercato aperto, negoziazioni private, operazioni di blocco o altri mezzi legali ai prezzi di mercato attuali. Il timing e il volume del programma saranno determinati dalla direzione in base alle condizioni di mercato, alle esigenze di capitale circolante e ad altri fattori. L'azienda prevede di finanziare il riacquisto utilizzando la liquidità esistente e il flusso di cassa operativo.
EHang Holdings (Nasdaq: EH) ha anunciado un programa de recompra de acciones de 30 millones de dólares durante los próximos 12 meses para sus American Depositary Shares o acciones ordinarias. Las recompras se llevarán a cabo mediante transacciones en el mercado abierto, negociaciones privadas, operaciones en bloque u otros medios legales a los precios de mercado prevalecientes. El momento y el volumen del programa serán determinados por la dirección en función de las condiciones del mercado, los requisitos de capital de trabajo y otros factores. La empresa planea financiar la recompra utilizando efectivo existente y flujo de caja operativo.
EHang Holdings (Nasdaq: EH)는 향후 12개월 동안 3000만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이는 미국 예탁주식 또는 보통주에 해당합니다. 주식 매입은 공개 시장 거래, 사적 협상, 블록 거래 또는 현재 시장 가격에 따라 다른 합법적인 수단을 통해 이루어집니다. 프로그램의 시기와 규모는 시장 조건, 운영 자본 요구 사항 및 기타 요인에 따라 경영진이 결정합니다. 회사는 기존 현금과 운영 현금 흐름을 이용해 매입을 진행할 계획입니다.
EHang Holdings (Nasdaq: EH) a annoncé un programme de rachat d'actions de 30 millions de dollars au cours des 12 prochains mois pour ses American Depositary Shares ou actions ordinaires. Les rachats seront effectués par le biais de transactions sur le marché libre, de négociations privées, de transactions de bloc ou d'autres moyens légaux aux prix du marché en vigueur. Le calendrier et le volume du programme seront déterminés par la direction en fonction des conditions du marché, des besoins en fonds de roulement et d'autres facteurs. L'entreprise prévoit de financer le rachat en utilisant les liquidités existantes et le flux de trésorerie opérationnel.
EHang Holdings (Nasdaq: EH) hat ein Rückkaufprogramm über 30 Millionen US-Dollar für die nächsten 12 Monate für seine amerikanischen Hinterlegungsscheine oder Stammaktien angekündigt. Die Rückkäufe erfolgen über Transaktionen auf dem freien Markt, private Verhandlungen, Blockgeschäfte oder andere legale Mittel zu den aktuellen Marktpreisen. Der Zeitpunkt und das Volumen des Programms werden von der Geschäftsleitung basierend auf den Marktbedingungen, den Anforderungen an das Betriebskapital und anderen Faktoren bestimmt. Das Unternehmen plant, den Rückkauf mit vorhandenen liquiden Mitteln und operativem Cashflow zu finanzieren.
- Board approval of US$30 million share repurchase program
- Company has sufficient cash reserves to fund the buyback
- Demonstrates management's confidence in long-term growth potential
- Program indicates strong financial position and cash flow generation capability
- Significant cash allocation to buyback could reduce funds available for operations and growth
- Buyback program may impact company's working capital position
Insights
The
The flexible structure of the program, allowing purchases through various mechanisms including open market transactions and block trades, provides strategic advantages. With shares trading below recent highs, this initiative could help stabilize the stock price and potentially create a price floor. The company's decision to fund the buyback through existing cash and operational cash flow suggests healthy liquidity position, though investors should monitor the impact on working capital given the early commercialization stage of their eVTOL business.
GUANGZHOU, China, Nov. 22, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced that the Company’s Board of Directors has approved a Share Repurchase Program, pursuant to which the Company may repurchase up to US
Mr. Huazhi Hu, Founder, Chairman and CEO of EHang, commented, “This Share Repurchase Program underscores our confidence in EHang’s long-term growth potential as well as our capability in continuously delivering value to our shareholders. Looking ahead, we remain focused on advancing our leadership in providing safe, pilotless, and sustainable eVTOL solutions in the Urban Air Mobility sector, while maintaining a disciplined approach to capital allocation to ensure sustainable growth and profitability.”
The Company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable federal securities laws, including Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and amount of any share repurchases under the Share Repurchase Program will be determined by the Company’s management at its discretion based on ongoing assessments of price, trading volume and general market conditions, along with the Company’s working capital requirements, general business conditions and other factors. The Company expects to fund repurchases made under this program from its existing cash balance and cash generated from operations.
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s flagship product EH216-S has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
Investor Contact: ir@ehang.com
Media Contact: pr@ehang.com
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