7 unchanged sentences
We currently do not intend to declare and pay dividends on our ordinary shares in the foreseeable future.
−Removed: However, if we decide to pay dividends, we cannot provide assurance that sufficient cash will be available to pay such dividends.
+Added: Our Board of Directors would only approve a dividend after taking into account our capital and liquidity position.
In addition, a letter of credit facility prohibits us from paying dividends during an event of default as defined in the letter of credit agreement.
Our future dividend policy will also depend on the requirements of any future financing agreements to which we may be a party and other factors considered relevant by our Board of Directors, such as our results of operations and cash flows, our financial position, and capital requirements, general business conditions, rating agency guidelines, legal, tax, regulatory and any contractual restrictions on the payment of dividends.
−Removed: Further, any future declaration and payment of dividends is discretionary and our Board of Directors may, at any time, modify or revoke our dividend policy on our ordinary shares.
+Added: Further, any future declaration and payment of dividends are discretionary, and our Board of Directors may, at any time, modify or revoke our dividend policy on our ordinary shares.
Finally, our ability to pay dividends also depends on the ability of our subsidiaries to pay dividends to us.
12 unchanged sentences
From time to time, the repurchase plan has been re-approved or modified at the election of our Board of Directors.
−Removed: On May 4, 2021, the Board of Directors approved a share repurchase plan effective from July 1, 2021, until June 30, 2022, authorizing the Company to repurchase up to $25.0 million of Class A ordinary shares or securities convertible into Class A ordinary shares in the open market, through privately negotiated transactions or Rule 10b5-1 stock trading plans.
+Added: The previous plan expired on June 30, 2022.
+Added: On April 26, 2022, the Board of Directors re-approved the share repurchase plan effective from July 1, 2022, until June 30, 2023, authorizing the Company to repurchase up to $25.0 million of Class A ordinary shares or securities convertible into Class A ordinary shares in the open market, through privately negotiated transactions or Rule 10b5-1 stock trading plans.
The Company is not required to repurchase any Class A ordinary shares and the repurchase plan may be modified, suspended or terminated at any time without prior notice.
−Removed: The table below details the share repurchases that were made under the plan during the three months ended December 31, 2021:
+Added: There were no share repurchases made under the plan during the three months ended December 31, 2022.
Link to Table of Contents
−Removed: Issuer Purchases of Equity Securities
−Removed: Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Maximum Value of Shares that May Yet Be Purchased Under the Plans or Programs ($ in thousands)
−Removed: October 1 - 31, 2021 0 $ — 0 $ 21,747
−Removed: November 1 - 30, 2021 0 $ — 0 $ 21,747
−Removed: December 1 - 31, 2021 0 $ — 0 $ 21,747
−Removed: Total 0 $ — 0 $ 21,747
−Removed: (1) Class A ordinary shares.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.