Simulations Plus (SLP) Executes $20M Accelerated Share Buyback
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Simulations Plus Executes $20 Million Accelerated Share Repurchase Agreement
January 11, 2023 6:14 PM UTCInitiates 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
