9 unchanged sentences
Our Board of Directors would only approve a dividend after taking into account our capital and liquidity position.
−Removed: 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.
+Added: In addition, a credit facility prohibits us from paying dividends (i) during an event of default as defined in the credit agreement, (ii) if such payment would reasonably be expected to have a material adverse effect on the Company and its subsidiaries or (iii) if we are not in compliance with certain specified financial covenants pertaining to leverage, capital requirements and minimum liquidity.
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.
4 unchanged sentences
Any dividends we pay will be declared and paid in U.S.
−Removed: Link to Table of Contents
+Added: Return to table of contents
Performance Graph
5 unchanged sentences
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Our Board has adopted a share repurchase plan.
−Removed: The timing of such repurchases and the actual number of shares repurchased will depend on various factors, including price, market conditions, and applicable regulatory and corporate requirements.
−Removed: On May 2, 2023, our Board of Directors re-approved the share repurchase plan effective from July 1, 2023 until June 30, 2024, authorizing us to repurchase up to $25.0 million of ordinary shares or securities convertible into ordinary shares in the open market, through privately negotiated transactions or Rule 10b5-1 stock trading plans.
−Removed: Any shares repurchased are canceled immediately upon repurchase.
−Removed: We are not required to repurchase any of the ordinary shares.
−Removed: The repurchase plan may be modified, suspended, or terminated at the election of our Board of Directors at any time without prior notice.
−Removed: There were no share repurchases made under the plan during the fourth quarter and year ended December 31, 2023.
−Removed: Link to Table of Contents
+Added: Refer to Note 10 “ Share Capital ” of the consolidated financial statements for a summary of our share repurchase plan (the “Plan”).
+Added: There were no share repurchases made during the quarter ended December 31, 2024.
+Added: Return to table of contents
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.