Nano Dimension has introduced that it has acquired approval from the Israeli courtroom to proceed with its 227.5 million USD share repurchase plan, which was introduced by the corporate in August 2023. The corporate says the plan was initially authorized by the Israeli courtroom till October 12, 2023.

Yoav Stern, CEO of Nano Dimension and former Chairman of the corporate stated: “We proceed to fulfil our earlier promise to traders, which was quickly held again as a result of time expiration of the Israeli courtroom approval. We thank the courtroom once more for its flexibility in extending the Repurchase Plan interval. We’re blissful to behave in a manner that each implies the Firm’s steadiness sheet and advantages its shareholders.”

The repurchase plan authorises Nano Dimension’s administration to repurchase American Depository Shares (ADSs), every so often, in open market transactions and/or in privately negotiated transactions, or in different legally permissible methods.

When the plan was first introduced, the corporate stated that it might repurchase all or a portion of the authorised repurchase quantity, and the repurchase plan doesn’t obligate it to repurchase any particular variety of the ADSs, and could also be suspended or terminated at any time at managements discretion.

In September 2023, Nano Dimension introduced the appointment of its new chairman Dr. Yoav Nissan-Cohen, after CEO Yoav Stern stepped down previous to the corporate’s AGM in August. Stern had acknowledged his intention to additionally resign as CEO if any Murchinson director nominees had been elected to the board on the assembly. All of Nano’s nominees had been re-elected.

Learn extra:

A whole timeline of the Stratasys + Nano Dimension + Desktop Metallic + 3D Programs story (thus far)

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