other material
confidence high
sentiment positive
materiality 0.60
Oppenheimer Holdings authorizes buyback of up to 543,000 shares; total authorization now 687,034
OPPENHEIMER HOLDINGS INC
- Board authorized repurchase of up to 543,000 Class A non-voting shares (~5% of 10,867,660 outstanding).
- New authorization supplements 144,034 remaining from prior program; total authorized = 687,034 shares.
- Repurchases to be made in open market at prevailing price using cash on hand; all shares canceled.
- Also repurchased $9.07M aggregate principal of its 5.50% Senior Secured Notes due 2025 in Q4 2022.
- Program has no expiration; management retains discretion on timing and amount.