LivaNova PLC (NASDAQ:LIVN) Files An 8-K Other EventsItem 8.01 Other Events
Share Repurchase Program
On November 15, 2016, the Board of Directors of LivaNova PLC (“LivaNova” or the “Company”) approved an amendment (the “Amended Share Repurchase Program”) to the share repurchase program previously approved by the Board of Directors on August 1, 2016 (the “Share Repurchase Program”.) The Share Repurchase Program had authorized the Company to repurchase up to $30 million of the Company’s ordinary shares from September 1, 2016 through December 31, 2016 (with further repurchases in each of 2017 and 2018.) The Amended Share Repurchase Program authorizes the Company to repurchase up to $50 million of the Company’s ordinary shares through December 31, 2016 (instead of the orginally authorized $30 million.) The Amended Share Repurchase Program is in accordance with an authority approved by the Company’s shareholders at its annual general meeting on June 15, 2016. Purchases of the ordinary shares under the Amended Share Repurchase Program will be carried out on NASDAQ and will be notified to the market through a UK Regulatory Information Service on the business day following the calendar day on which the repurchase occurred. Ordinary shares repurchased by the Company through the Amended Share Repurchase Program will be cancelled. Until further notice, the Amended Share Repurchase Program will be conducted to Rule 10b5-1 under the US Securities Exchange Act and may therefore continue during closed periods in accordance with applicable restrictions.
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