WeRide Inc. Announces US$100 Million Share Repurchase Program
WeRide Inc. (Nasdaq: WRD) has announced a significant share repurchase program of up to US$100 million of its Class A ordinary shares, to be executed over the next 12 months. The program, authorized by the company's board of directors, allows for repurchases through various means including open market transactions, private negotiations, and block trades.
CFO Jennifer Li emphasized that this initiative reflects the company's confidence in its business fundamentals, financial health, and long-term outlook. The repurchases will be funded from WeRide's existing cash balance, with the board maintaining flexibility to modify, suspend, or terminate the program based on market conditions.
WeRide Inc. (Nasdaq: WRD) ha annunciato un importante programma di riacquisto di azioni fino a 100 milioni di dollari USA delle sue azioni ordinarie di Classe A, da realizzare nei prossimi 12 mesi. Il programma, autorizzato dal consiglio di amministrazione della società, prevede riacquisti tramite diversi metodi, inclusi transazioni sul mercato aperto, negoziazioni private e operazioni di blocco.
La CFO Jennifer Li ha sottolineato che questa iniziativa riflette la fiducia dell'azienda nei propri fondamentali, nella solidità finanziaria e nelle prospettive a lungo termine. I riacquisti saranno finanziati con la liquidità disponibile di WeRide, mentre il consiglio manterrà la flessibilità di modificare, sospendere o terminare il programma in base alle condizioni di mercato.
WeRide Inc. (Nasdaq: WRD) ha anunciado un importante programa de recompra de acciones de hasta 100 millones de dólares estadounidenses de sus acciones ordinarias Clase A, a ejecutarse durante los próximos 12 meses. El programa, autorizado por la junta directiva de la empresa, permite recompras a través de diversos medios, incluyendo transacciones en el mercado abierto, negociaciones privadas y operaciones en bloque.
La directora financiera Jennifer Li destacó que esta iniciativa refleja la confianza de la empresa en sus fundamentos comerciales, salud financiera y perspectivas a largo plazo. Las recompras se financiarán con el saldo de efectivo existente de WeRide, y la junta mantendrá la flexibilidad para modificar, suspender o cancelar el programa según las condiciones del mercado.
WeRide Inc. (나스닥: WRD)는 향후 12개월 동안 최대 1억 달러 상당의 클래스 A 보통주를 재매입하는 대규모 주식 재매입 프로그램을 발표했습니다. 이 프로그램은 회사 이사회의 승인을 받았으며, 공개 시장 거래, 사적 협상, 블록 거래 등 다양한 방식으로 재매입을 진행할 수 있습니다.
재무책임자 제니퍼 리는 이번 조치가 회사의 비즈니스 기본 사항, 재무 건전성 및 장기 전망에 대한 신뢰를 반영한다고 강조했습니다. 재매입 자금은 WeRide의 기존 현금 잔액에서 조달되며, 이사회는 시장 상황에 따라 프로그램을 변경, 일시 중단 또는 종료할 수 있는 유연성을 유지합니다.
WeRide Inc. (Nasdaq : WRD) a annoncé un important programme de rachat d’actions d’un montant pouvant atteindre 100 millions de dollars américains de ses actions ordinaires de Classe A, à réaliser au cours des 12 prochains mois. Ce programme, autorisé par le conseil d’administration de la société, permet des rachats par divers moyens, notamment des transactions sur le marché ouvert, des négociations privées et des opérations de bloc.
La directrice financière Jennifer Li a souligné que cette initiative reflète la confiance de l’entreprise dans ses fondamentaux commerciaux, sa santé financière et ses perspectives à long terme. Les rachats seront financés à partir de la trésorerie disponible de WeRide, le conseil conservant la flexibilité de modifier, suspendre ou mettre fin au programme en fonction des conditions du marché.
WeRide Inc. (Nasdaq: WRD) hat ein bedeutendes Aktienrückkaufprogramm von bis zu 100 Millionen US-Dollar seiner Class-A-Stammaktien angekündigt, das innerhalb der nächsten 12 Monate durchgeführt werden soll. Das vom Vorstand genehmigte Programm ermöglicht Rückkäufe über verschiedene Wege, darunter Transaktionen am offenen Markt, private Verhandlungen und Blockgeschäfte.
CFO Jennifer Li betonte, dass diese Initiative das Vertrauen des Unternehmens in seine Geschäftsgrundlagen, finanzielle Gesundheit und langfristige Perspektiven widerspiegelt. Die Rückkäufe werden aus dem bestehenden Barbestand von WeRide finanziert, wobei der Vorstand flexibel bleibt, das Programm je nach Marktlage anzupassen, auszusetzen oder zu beenden.
- Authorization of substantial US$100 million share buyback program demonstrates financial strength
- Program to be funded from existing cash balance, indicating strong liquidity position
- Management's confidence in company's business fundamentals and long-term outlook
- Commitment to returning capital to shareholders while maintaining growth investments
- Reduction in cash reserves available for operational growth and R&D
- Potential limitation on financial flexibility for future strategic investments
NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global leader in autonomous driving technology, today announced that its board of directors has authorized a share repurchase program, under which the Company may repurchase up to US
Jennifer Li, WeRide’s Chief Financial Officer and Head of International, said, “the adoption of the share repurchase program reflects our confidence in our business fundamentals, financial health, and long term outlook, and underscores our commitment to delivering value to shareholders. Supported by a solid technology foundation and robust commercial capabilities, we are well-positioned to invest in growth while also returning capital to our shareholders. This program demonstrates our conviction that WeRide's stock represents a compelling investment opportunity.”
The Company’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s board of directors will review the implementation of the share repurchase program periodically and may modify, suspend or terminate the share repurchase program as it shall deem necessary or desirable. The Company expects to fund the repurchases out of its existing cash balance.
About WeRide
WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded robotaxi company. Our autonomous driving vehicles have been tested or operated in over 30 cities across 10 countries. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services that address a vast array of transportation needs across a diverse range of urban use cases across mobility, logistics, and sanitation. WeRide was named in Fortune Magazine’s 2024 “The Future 50” list. For more information, please visit https://www.weride.ai.
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 WeRide’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide’s filings with the SEC. All information provided in this press release is as of the date of this press release, and WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contacts
Investor inquiries: ir@weride.ai
Press inquiries: pr@weride.ai
FAQ
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