Agora Inc
For the period ended Feb 27, 2024. Filed Feb 27, 2024.
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Feb 27, 2024 · Filed Feb 27, 2024
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EX-99.1 · Share Repurchase Program
Share Repurchase Program
During the three months ended December 31, 2023, the Company repurchased approximately 14.1 million of its class A ordinary shares (equivalent to approximately 3.5 million ADSs) for approximately US$10.0 million under its share repurchase program, representing 5% of its US$200 million share repurchase program.
As of December 31, 2023, the Company had repurchased approximately 113.8 million of its class A ordinary shares (equivalent to approximately 28.5 million ADSs) for approximately US$104.3 million under its share repurchase program, representing 52% of its US$200 million share repurchase program.
As of December 31, 2023, the Company had 368.8 million ordinary shares (equivalent to approximately 92.2 million ADSs) outstanding, compared to 449.8 million ordinary shares (equivalent to approximately 112.5 million ADSs) outstanding as of January 31, 2022 before the share repurchase program commenced.
The board of directors has authorized an extension of the existing share repurchase program through February 28, 2025, with all other terms remaining unchanged.
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