Alight enters $75M accelerated share repurchase with Barclays

Alight, Inc. / Delaware

Alight entered an ASR with Barclays Bank PLC to repurchase $75M of its Class A common stock.
Initial delivery of shares equal to 80% of $75M prepayment, based on closing price as of July 15, 2024.
Final settlement expected in Q3 2024; Alight can terminate the ASR before July 15, 2024.
CEO cites confidence in business, value from planned sale of Professional Services and Payroll & HCM Outsourcing.
Remaining repurchase authority was $168M as of June 14, 2024 before this ASR.

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