AXIS CAPITAL HOLDINGS LTD
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The following table shows information regarding the number of common shares repurchased in the quarter ended June 30, 2024:
| Period · Total numberof sharespurchased (a) (b) · Averageprice paidper share · Total number of shares purchased as part ofpublicly announcedprograms (a) · Maximum number (or approximatedollar value) of shares that may yet bepurchased under the announced programs (c) (d) | ||||||
|---|---|---|---|---|---|---|
| April 1-30, 2024 | (4) | $56.88 | 45 | $35 million | ||
| May 1-31, 2024 | 2 | $61.94 | 495 | $300 million | ||
| June 1-30, 2024 | 7 | $73.90 | — | $300 million | ||
| Total | 5 | 540 | $300 million | |||
(a) In thousands.
(b) Includes shares repurchased from employees to satisfy personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units.
(c) At June 30, 2024, authorization under the Company's share repurchase program approved in December 2023 was exhausted.
(d) On May 16, 2024, the Company's Board of Directors approved a new share repurchase program for up to $300 million of the Company's common shares. The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or privately negotiated transactions, depending on market conditions.
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