American Express Global Business Travel Announces Private Stock Repurchase
2024年9月4日 - 8:45PM
ビジネスワイヤ(英語)
American Express Global Business Travel, which is operated by
Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the
“Company”), a leading B2B software and services company for travel,
expense, and meetings & events, today announced that during the
third quarter of 2024, the Company repurchased 8,000,000 shares of
its Class A common stock from a stockholder of the Company in a
privately negotiated transaction at a purchase price of
approximately $6.85 per share, or approximately $55 million in
aggregate. The stock repurchase was funded by the Company’s cash on
hand and was unanimously approved by the Company’s Board of
Directors. The total number of shares repurchased by the Company
amounted to approximately 1.7% of its shares outstanding as of June
30, 2024.
Karen Williams, Amex GBT’s Chief Financial Officer, stated: “Our
positive and accelerating Free Cash Flow and successful debt
refinancing enable us to return cash to shareholders and
demonstrate our confidence in our longer-term strategy.”
About American Express Global Business Travel
American Express Global Business Travel (Amex GBT) is a leading
B2B travel platform, providing software and services to manage
travel, expenses, and meetings & events for companies of all
sizes. We have built the most valuable marketplace in B2B travel to
deliver unrivalled choice, value and experiences. With travel
professionals and business partners in more than 140 countries, our
solutions deliver savings, flexibility, and service from a brand
you can trust – Amex GBT.
Visit amexglobalbusinesstravel.com for more information about
Amex GBT. Follow @amexgbt on X, LinkedIn and Instagram.
Forward-Looking Statements
This communication contains statements that are forward-looking
and as such are not historical facts. This includes, without
limitation, statements regarding our financial position, business
strategy, and the plans and objectives of management for future
operations and full-year guidance. These statements constitute
projections, forecasts and forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “will,” “would” and
similar expressions may identify forward-looking statements, but
the absence of these words does not mean that a statement is not
forward-looking.
The forward-looking statements contained in this communication
are based on our current expectations and beliefs concerning future
developments and their potential effects on us. There can be no
assurance that future developments affecting us will be those that
we have anticipated. These forward-looking statements involve a
number of risks, uncertainties (some of which are beyond our
control) or other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, the following risks,
uncertainties and other factors: (1) changes to projected financial
information or our ability to achieve our anticipated growth rate
and execute on industry opportunities; (2) our ability to maintain
our existing relationships with customers and suppliers and to
compete with existing and new competitors; (3) various conflicts of
interest that could arise among us, affiliates and investors; (4)
our success in retaining or recruiting, or changes required in, our
officers, key employees or directors; (5) factors relating to our
business, operations and financial performance, including market
conditions and global and economic factors beyond our control; (6)
the impact of geopolitical conflicts, including the war in Ukraine
and the conflicts in the Middle East, as well as related changes in
base interest rates, inflation and significant market volatility on
our business, the travel industry, travel trends and the global
economy generally; (7) the sufficiency of our cash, cash
equivalents and investments to meet our liquidity needs; (8) the
effect of a prolonged or substantial decrease in global travel on
the global travel industry; (9) political, social and macroeconomic
conditions (including the widespread adoption of teleconference and
virtual meeting technologies which could reduce the number of
in-person business meetings and demand for travel and our
services); (10) the effect of legal, tax and regulatory changes;
(11) the decisions of market data providers, indices and individual
investors; (12) the impact of any future acquisitions including the
integration of any acquisitions; (13) the risk that the
assumptions, estimates and estimated adjustments described in this
communication may prove to be inaccurate; and (14) other risks and
uncertainties described in the Company’s Form 10-K, filed with the
SEC on March 13, 2024, and in the Company’s other SEC filings.
Should one or more of these risks or uncertainties materialize, or
should any of our assumptions prove incorrect, actual results may
vary in material respects from those projected in these
forward-looking statements. We undertake no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20240904757345/en/
Media: Martin Ferguson Vice President Global Communications and
Public Affairs martin.ferguson@amexgbt.com
Investors: Jennifer Thorington Vice President Investor Relations
investor@amexgbt.com
Global Business Travel (NYSE:GBTG)
過去 株価チャート
から 8 2024 まで 9 2024
Global Business Travel (NYSE:GBTG)
過去 株価チャート
から 9 2023 まで 9 2024