3 unchanged sentences
Effective February 15, 2012, the Company’s Board of Directors approved a program authorizing the repurchase of up to five million shares of our common stock through February 20, 2013 (the “2012 Program”) which was subsequently extended through February 20, 2021.
−Removed: Cumulatively at June 30, 2020, 3.9 million shares were repurchased under the 2012 Program at an aggregate cost of $196.2 million (including an immaterial amount of commission fees).
+Added: Cumulatively at September 30, 2020, 4.1 million shares were repurchased under the 2012 Program at an aggregate cost of $204.6 million (including an immaterial amount of commission fees).
In July 2020, the Company repurchased 140,819 shares under its share repurchase program at an aggregate cost of $8.4 million, which were subsequently retired.
−Removed: The July repurchase of shares completes the Company’s 2012 Program (see Note 18 - Subsequent Events of the Notes to the Condensed Consolidated Financial Statements).
In March and April 2020, the Company acquired 680,016 shares and 319,984 shares respectively, of J2 Global common stock in connection with the 2012 Program.
4 unchanged sentences
As a result of the purchase of J2 Global common stock, the Company’s Board of Directors approved a reduction in the number of shares available for purchase under the 2012 Program by the same amount.
−Removed: As a result of the acquired shares through acquisition and the purchase of J2 Global common stock through the Company’s share repurchase program, the number of shares available for purchase under the 2012 Program is 140,819 shares of J2 Global common stock.
−Removed: On August 6, 2020, the Company’s Board of Directors approved a program authorizing the repurchase of up to 10 million shares of the Company’s common stock through August 6, 2025 (see Note 18 - Subsequent Events of the Notes to the Condensed Consolidated Financial Statements).
−Removed: The following table details the repurchases that were made under and outside the 2012 Program during the three months ended June 30, 2020:
+Added: As a result of the acquired shares through acquisition and the purchase of J2 Global common stock through the Company’s share repurchase program, no shares remain available for purchase under the 2012 Program.
+Added: On August 6, 2020, the Company’s Board of Directors approved a program authorizing the repurchase of up to 10 million shares of the Company’s common stock through August 6, 2025 (the “2020 Program”).
+Added: Cumulatively at September 30, 2020, 2,000,000 shares were repurchased at an aggregate cost of $141.8 million (including an immaterial amount of commission fees).
+Added: The following table details the repurchases that were made under and outside the 2012 Program during the three months ended September 30, 2020:
Period Total Number of
6 unchanged sentences
Program Maximum
−Removed: April 1, 2020 - April 30, 2020 320,447 $ 73.62 319,984 140,819
−Removed: May 1, 2020 - May 31, 2020 23,817 $ 77.89 — 140,819
−Removed: June 1, 2020 - June 30, 2020 667 $ 74.00 — 140,819
+Added: July 1, 2020 - July 31, 2020 142,033 $ 59.62 140,819 —
+Added: August 1, 2020 - August 31, 2020 278,219 $ 69.80 276,089 9,723,911
+Added: September 1, 2020 - September 30, 2020 1,724,991 $ 71.23 1,723,911 8,000,000
Total 2,145,243 2,140,819 8,000,000
4 unchanged sentences
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.