TEMPE, Ariz., Aug. 12,
2021 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company
that empowers everyday entrepreneurs, today announced it has
entered into an accelerated share repurchase agreement (ASR) with
Goldman Sachs & Co. LLC to repurchase $250 million of GoDaddy's common stock. The ASR
was entered into pursuant to GoDaddy's share repurchase program,
under which approximately $750
million share repurchase authorization will remain available
upon completion of the ASR.
"The accelerated repurchase reinforces our confidence in the
long-term opportunity for GoDaddy and our commitment to creating
shareholder value," said GoDaddy CFO Mark
McCaffrey.
Following completion of the program, GoDaddy will have
repurchased a total of approximately 6.9 million shares
year-to-date, representing 4% of total shares outstanding. Since
January 2020, GoDaddy will have
repurchased approximately 16.9 million shares, representing more
than 9% of total shares outstanding. The final settlement of the
ASR is expected to be completed in Q3 of 2021.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Information set forth in this communication contains
forward-looking statements that involve a number of risks and
uncertainties. GoDaddy cautions readers that any forward-looking
information is not a guarantee of future performance and that
actual results could differ materially from those contained in the
forward-looking information. These statements include,
but are not limited to, statements about GoDaddy's long-term
opportunity and the expected completion date of the ASR.
Forward-looking statements involve a number of risks, uncertainties
or other factors beyond our control. These factors include, but are
not limited to, our ability to implement our strategic initiatives,
economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk, U.S. and
global competition, and other factors detailed in our filings with
the U.S. Securities and Exchange Commission, including our annual
reports on Form 10-K and quarterly reports on Form 10-Q, which are
available on the SEC's website at www.sec.gov. GoDaddy undertakes
no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or
otherwise.
About GoDaddy
GoDaddy is empowering everyday entrepreneurs around the
world by providing all of the help and tools to succeed online.
GoDaddy is the place people come to name their idea, build a
professional website, attract customers, sell their products and
services and manage their work. Our mission is to give our
customers the tools, insights and the people to transform their
ideas and personal initiative into success. To learn more about the
company visit www.GoDaddy.com.
Source: GoDaddy Inc.
© 2021 GoDaddy Inc. All Rights Reserved.
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SOURCE GoDaddy Inc.