ODDITY Tech Unveils $200 Million Share Buyback Plan Through 2029
ODDITY Tech's board approved a $200 million share repurchase plan valid through March 31, 2029, replacing its prior $150 million authorization. Under the previous scheme, it repurchased about $97 million of shares, including roughly $50 million year-to-date.
1. Buyback Plan Details
ODDITY Tech’s board authorized the repurchase of up to $200 million of Class A ordinary shares, replacing the prior $150 million buyback authorization. The program will remain in effect until March 31, 2029, or until the full allocation is used, subject to board discretion and market conditions.
2. Past Repurchase Performance
Under the previous authorization, ODDITY repurchased approximately $97 million of shares, including around $50 million purchased year-to-date. These repurchases were executed through open-market transactions and could involve Rule 10b5-1 trading plans or privately negotiated deals.
3. Execution and Strategic Considerations
Share repurchases will depend on market price, liquidity, alternative investments and legal requirements, and the company can suspend or modify the plan at any time. Management views the buyback as a tool to enhance shareholder value and reflect its assessment of the company’s intrinsic share value.