IHS Approves Share Repurchase Program
ENGLEWOOD, Colorado, Oct. 12 - /EWire/ --
IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today announced that its Board of Directors has approved a $100 million program to repurchase IHS common shares.
IHS may repurchase shares in open market purchases or through privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate IHS to repurchase any dollar amount or number of shares, and it may be suspended at any time at the company’s discretion.
“This share repurchase program demonstrates our continued confidence in the IHS strategy of delivering long-term profitable growth and demonstrates our commitment to delivering value to our shareholders,” said Jerre Stead, IHS chairman and chief executive officer.
This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities.
IHS Forward-Looking Statements:
This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expect," "anticipate," "believe," "intend," "estimate," "plan" and similar expressions. Although IHS and its management believe that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties - many of which are difficult to predict and generally beyond the control of IHS - that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified by IHS from time to time in its public filings. Other than as required by applicable law, IHS does not undertake any obligation to update or revise any forward-looking information or statements. Please consult our public filings at www.sec.gov or www.ihs.com.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information and insight in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 6,000 people in more than 30 countries around the world.
For more information:
News Media Contact:
David E. Pendery
+1 303 397 2468
Investor Relations Contact:
+1 303 397 2969