SkillSoft share repurchase OK’d
NASHUA – Shareholders of locally based SkillSoft PLC, a provider of Web-based business and information technology courses, have authorized a share repurchase program, the company announced Monday.
The share repurchase program allows repurchase from time-to-time by the company and/or its subsidiaries of up to $7 million ordinary shares. The share repurchase authorization expires March 24, 2006.
Skillsoft is required to obtain the approval of its shareholders to buy back its own shares.
Company officials said the timing and amount of any shares repurchased will be determined by Skillsoft based on its evaluation of market conditions and other factors, and may start or stop at any time without notice.
As of July 31, SkillSoft had about 105.7 million ordinary shares outstanding.