Helix Energy Solutions (HLX) Announces 1.5M Share Repurchase Plan
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Helix Energy Solutions Group (NYSE: HLX) intends to purchase up to 1.5 million shares of the Company's common stock as permitted by the Company's principal credit facility.
The Company's Board of Directors has previously granted the Company the authority to repurchase shares of its common stock in an amount equal to any equity grants pursuant to the Company's equity compensation plans. The Company may continue to make purchases pursuant to this authority from time to time as additional equity grants are made under such plans.
The size, scope and timing of any purchases will be based on business, market and other conditions and factors, including price, regulatory and contractual requirements or consents, and capital availability. The 1.5 million shares to be repurchased reflect prior equity awards made by the Company.
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