Brief: Planet Fitness Inc On June 12, Co Entered Into $280 Million Accelerated Share Repurchase Agreement

Planet Fitness

13/06/2024 12:41

June 13 (Reuters) - Planet Fitness Inc  PLNT.N :
    * PLANET FITNESS INC: ON JUNE 12, CO ENTERED INTO $280
MILLION
ACCELERATED SHARE REPURCHASE AGREEMENT
    * PLANET FITNESS INC: AS PER TERMS OF DEAL, ON JUNE 14, CO
WILL
PAY BANK $280 MILLION IN CASH & RECEIVE ABOUT 3.1 MILLION SHARES
OF CO'S CLASS A COMMON STOCK
    * PLANET FITNESS INC: WILL ACQUIRE SHARES UNDER ASR
AGREEMENT AS
PART OF ITS $500 MILLION SHARE REPURCHASE AUTHORIZATION
    * PLANET FITNESS INC: BOARD AUTHORIZED NEW SHARE REPURCHASE
PROGRAM OF UP TO $500 MILLION
    * PLANET FITNESS INC: CONTINUES TO EXPECT 2024 ADJUSTED NET
INCOME
PER SHARE, DILUTED TO INCREASE IN 7% TO 9% RANGE

Source text for Eikon:  ID:n0001637207-24-000059 
Further company coverage:  PLNT.N 

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