Brief: Spok Announces New Strategic Business Plan

Spok Holdings

17/02/2022 12:25

Feb 17 (Reuters) - 
    * SPOK ANNOUNCES NEW STRATEGIC BUSINESS PLAN
    * SPOK HOLDINGS INC - PLAN PRIORITIZES MAXIMIZING FREE CASH
FLOW
AND RETURNING CAPITAL TO SHAREHOLDERS
    * SPOK HOLDINGS INC - AUTHORIZES SHARE REPURCHASE PROGRAM OF
UP TO
$10 MILLION
    * SPOK HOLDINGS INC - INCREASES DIVIDEND BY 150%, FROM
$0.125 PER
QUARTER TO $0.3125 PER QUARTER
    * SPOK HOLDINGS INC - STRATEGIC REVIEW PROCESS REMAINS
ONGOING;
BOARD IS OPEN TO ALL POTENTIAL ALTERNATIVES TO MAXIMIZE VALUE
    * SPOK HOLDINGS INC - WILL DISCONTINUE SPOK GO AND INTENDS
TO
ELIMINATE ALL ASSOCIATED COSTS
    * SPOK HOLDINGS - CONTINUE TO ENGAGE WITH POTENTIAL
ACQUIRERS
REGARDING SALE OF CO, INCLUDING ACACIA RESEARCH CORPORATION
REGARDING ITS OFFER TO BUY CO

Source text for Eikon:  ID:nBw2m03P3a 

 ((Reuters.Briefs@thomsonreuters.com;))