Signet Jewelers Reports Amendment Of Terms Of Series A Convertible Preference Shares
Author: Benzinga Newsdesk | April 03, 2024 07:04am
This transaction will immediately reduce Signet's diluted share count by approximately 4.1 million shares, or 7.6% of Signet's diluted share count. Signet will settle the transaction from the $1.4 billion in cash on hand at the end of Fiscal 2024. In addition, the revised non-GAAP diluted EPS range contemplates the Company will allocate up to $1.1 billion to a combination of retiring outstanding debt, retiring Preferred Shares and the repurchase of common shares during Fiscal 2025.
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