Simulations Plus (SLP) Executes $20M Accelerated Share Buyback

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Go back to Simulations Plus (SLP) Executes $20M Accelerated Share Buyback

Simulations Plus Executes $20 Million Accelerated Share Repurchase Agreement

January 11, 2023 6:14 PM EST

Initiates first steps in updated capital allocation strategy

LANCASTER, Calif.--(BUSINESS WIRE)-- Simulations Plus, Inc. (Nasdaq: SLP), a leading provider of modeling and simulation software and services for pharmaceutical safety and efficacy, today announced it has entered into an accelerated share repurchase agreement (the ASR Agreement) with Morgan Stanley & Co. LLC. to repurchase an aggregate of $20 million of the Companys outstanding common shares. The ASR Agreement is part of the $50 million share repurchase program authorized by the Board of Directors on December 29, 2022. After completion of the repurchases under the... More