The company said its Board of Directors authorized a new common stock repurchase program under which it may buy back up to $2.0 billion of its common stock over the next 24 months, as market conditions warrant.

1. 01

   The company said its Board of Directors authorized a new common stock repurchase program under which it may buy back up to $2.0 billion of its common stock over the next 24 months, as market conditions warrant.

2. 02

   Simon Property Group said the shares may be repurchased in the open market or in privately negotiated transactions, at prices it deems appropriate, subject to market conditions, applicable law and other factors.

3. 03

   The company said the program does not obligate it to repurchase any dollar amount or number of shares, and that the program may be suspended or discontinued at any time.

4. 04

   Simon Property Group said the new $2.0 billion program replaces the previous program, which had been scheduled to expire on May 16, 2024, and that approximately $1.7 billion was available under the previous program.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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