SEC Filings

20-F
WNS (HOLDINGS) LTD filed this Form 20-F on 05/16/2018
Entire Document
 


Table of Contents

ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

Not applicable.

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

In March 2016, our shareholders authorized a share repurchase program for the repurchase of up to 3.3 million of our ADSs, each representing one ordinary share, at a price range of $10 to $50 per ADS. Pursuant to the terms of the repurchase program, our ADSs may be purchased in the open market from time to time for 36 months from March 16, 2016, the date the shareholders resolution approving the repurchase program was passed.

In October 2017, we completed repurchases under our share repurchase program of 3.3 million ADSs authorized by our shareholders on March 16, 2016. Purchases of ADSs under the repurchase program during fiscal 2018 and 2017 were funded with cash on hand. The shares underlying these ADSs are recorded as treasury shares.

In March 2018, our shareholders authorized the repurchase of up to 3.3 million of our ADSs, each representing one ordinary share, at a price range of $10 to $100 per ADS. Pursuant to the terms of the share repurchase program, our ADSs may be purchased in the open market from time to time over 36 months from March 30, 2018, the date the shareholders resolution approving the repurchase program was passed. We intend to fund the proposed share repurchase program with cash on hand. We are not obligated under the repurchase program to repurchase any dollar amount or number of ADSs, and the repurchase program may be suspended or discontinued at any time at our discretion. We intend to hold the shares underlying any ADSs purchased under the repurchase program as treasury shares.

The table below sets forth the details of ADSs repurchased during fiscal 2017 and fiscal 2018 under the above mentioned, share repurchase program approved in March 2016:

 

Period

   No. of
ADSs

purchased
     Average price
paid per ADS
(in $)
     Total number of ADSs
purchased as part of
publicly announced
plans or  programs
     Approximate US
dollar value (in 000s) of
ADSs that may yet
be  repurchased
under the program
(assuming purchase
price of $50 per
ADS)
 

April 1 to April 30, 2016

     —          —          —        $ 165,000  

May 1 to May 31, 2016

     39,732        30.39        39,732        163,013  

June 1 to June 30, 2016

     710,268        30.49        710,268        127,500  

July 1 to July 31, 2016

     —          —          —          127,500  

August 1 to August 31, 2016

     395,444        29.43        395,444        107,728  

September 1 to September 30, 2016

     —          —          —          107,728  

October 1 to October 31, 2016

     898,366        28.09        898,366        62,810  

November 1 to November 30, 2016

     156,190        27.47        156,190        55,000  

December 1 to December 31, 2016

     —          —          —          55,000  

January 1 to January 31, 2017

     —          —          —          55,000  

February 1 to February 28, 2017

     —          —          —          55,000  

March 1 to March 31, 2017

     —          —          —          55,000  

April 1 to April 30, 2017

     —          —          —          55,000  

May 1 to May 31, 2017

     —          —          —          55,000  

June 1 to June 30, 2017

     —          —          —          55,000  

July 1 to July 31, 2017

     —          —          —          55,000  

August 1 to August 31, 2017

     425,081        35.21        425,081        33,746  

September 1 to September 30, 2017

     454,458        36.02        454,458        11,023  

October 1 to October 31, 2017

     220,461        37.15        220,461        —    

Total

     3,300,000        31.38        3,300,000      $ —    

 

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