Spotify announces stock repurchase program, up to $1.0 billion

New york--(business wire)--spotify technology s.a. (nyse: spot) (the “company”) today announced that it will commence a stock repurchase program beginning in the third quarter of 2021. repurchases of up to 10,000,000 of the company's ordinary shares have been authorized by the company's general meeting of shareholders, and the board of directors approved such repurchases up to the amount of $1.0 billion. the authorization to repurchase will expire on april 21, 2026. the timing and actual number
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