Exela Technologies Inc (XELA)

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IRVING, Texas, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a business process automation ("BPA") leader, announced today a share buyback program of up to 10 Million shares of Common Stock.

On August 10, 2022, the Company's Board of Directors authorized a share buyback program (the "Share Buyback Program"), pursuant to which the Company may, from time to time, purchase up to 10 million shares of its common stock. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions, block trades or pursuant to a trading plan. The decision as to whether to purchase any shares and the timing of purchases, if any, will be based on the price of the Company's common stock, general business and market conditions, applicable legal requirements and other investment considerations and factors. The Share Buyback Program does not obligate the Company to purchase any shares and expires in 24 months. The Share Buyback Program may be terminated or amended by the Company's Board of Directors in its discretion at any time.

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