Ingevity (NGVT) Adds $350M to Stock Buyback

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Go back to Ingevity (NGVT) Adds $350M to Stock Buyback

Ingevity authorizes additional $350 million share repurchase

November 1, 2018 4:15 PM EDT

NORTH CHARLESTON, S.C.--(BUSINESS WIRE)-- The board of directors of Ingevity Corporation (NYSE: NGVT) today approved the authorization for the repurchase of up to an additional $350 million of Ingevitys outstanding common stock. The approval of this $350 million is in addition to the $100 million share repurchase program approved in February 2017. As of November 1, 2018, approximately $28 million in aggregate value of shares had been repurchased under the 2017 share repurchase program, with approximately $72 million remaining availability.

We are committed to delivering value to our shareholders in a balanced and prudent manner, said John Fortson, Ingevitys... More