Capri Holdings Ltd 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS (c) Issuer Purchases of Equity Securities The following table provides information of the Company’s ordinary shares repurchased or withheld during the three months ended December 25, 2021: Total Number of Shares Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs (1) Remaining Dollar Value of Shares That May Be Purchased Under the Programs (in millions) (1) September 26 – October 23 — $ — — $ 250 October 24 – November 20 598,066 $ 63.23 598,066 $ 962 November 21 – December 25 2,623,903 $ 61.81 2,623,903 $ 800 3,221,969 3,221,969 (1) During the first quarter of Fiscal 2022, the Company reinstated its $500 million share repurchase program, which had been previously suspended in response to the impact of the COVID-19 pandemic. Subsequently, on November 3, 2021, the Company announced that its Board of Directors had terminated the Company’s existing $500 million share repurchase program, which had $250 million of availability remaining at the time, and authorized a new share repurchase program pursuant to which the Company may, from time to time, repurchase up to $1.0 billion of its outstanding ordinary shares within a period of two years from the effective date of the program. The Company continues to have in place a “withhold to cover” repurchase program, which allows the Company to withhold ordinary shares from certain executive officers and directors to satisfy minimum tax withholding obligations relating to the vesting of their restricted share awards.