Company Website:
http://www.citigroup.com
NEW YORK -- (Business Wire)
Citigroup Inc. (NYSE:C) today announced that its Board of Directors has
approved a $1.165 billion common stock repurchase program through the
first quarter of 2015. As previously announced, this repurchase plan was
permitted pursuant to the 2014 Comprehensive Capital Analysis and Review
(CCAR) and is intended to offset estimated dilution created by Citi's
annual incentive compensation grants.
Repurchases by Citi under the common stock repurchase program may be
effected from time to time through open market purchases, trading plans
established in accordance with U.S. Securities and Exchange Commission
rules or other means, depending on satisfactory market conditions,
applicable legal requirements and other factors. The common stock
repurchase program does not obligate Citi to repurchase any particular
amount of common stock, and it may be suspended at any time at Citi’s
discretion.
Citi
Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com
| Twitter: @Citi | YouTube: www.youtube.com/citi
| Blog: http://new.citi.com
| Facebook: www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi
Certain statements in this release, including those regarding Citi’s
2014 CCAR planned capital actions, are “forward-looking statements”
within the meaning of the U.S. Private Securities Litigation Reform Act
of 1995. These statements are based on management’s current expectations
and are subject to uncertainty and changes in circumstances.Actual
results and capital and other financial condition may differ materially
from those included in these statements due to a variety of factors,
including but not limited to the precautionary statements included in
this document, satisfactory market conditions and any other conditions
that may be included in any Citi common stock repurchase program, as
well as those factors contained in Citi’s filings with the U.S.
Securities and Exchange Commission, including without limitation the
“Risk Factors” section of Citi’s 2013 Annual Report on Form 10-K. Any
forward-looking statements made by or on behalf of Citi speak only as to
the date they are made, and Citi does not undertake to update
forward-looking statements to reflect the impact of circumstances or
events that arise after the date the forward-looking statements were
made.
Contacts:
Citi
Media:
Mark Costiglio, 212-559-4114
or
Investors:
Susan
Kendall, 212-559-2718
or
Fixed Income Investors:
Peter
Kapp, 212-559-5091
Source: Citigroup Inc.
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