May. 4 at 8:37 PM
Indivior PLC shares rose Monday after the company announced a
$175 million accelerated share repurchase (ASR) agreement with Barclays Bank PLC.
The ASR is part of Indivior’s previously authorized
$400 million buyback program and reflects confidence in its long-term strategy, cash flow generation, and disciplined capital allocation.
Under the deal, Indivior will make an upfront
$175 million payment and expects to receive an initial delivery of 3,717,473 shares. The final number of shares will depend on the volume-weighted average price during the ASR period, minus a discount.
Final settlement is expected by the end of June 2026. The company said the ASR will not impact its previously issued financial guidance.
The remaining
$100 million under the buyback authorization may be used for additional repurchases depending on market conditions.
$INDV