NEW YORK & MUMBAI, India--(BUSINESS WIRE)--Jan. 18, 2018--
WNS (Holdings) Limited (WNS) (NYSE:WNS), a leading provider of global
Business Process Management (BPM) services, today announced that its
Board of Directors has authorized a program to repurchase up to 3.3
million American Depositary Shares (“ADSs”), each representing one
ordinary share, at a price range of $10 to $100 per ADS. The share
repurchase program is subject to shareholders’ approval. WNS intends to
convene an extraordinary general meeting of its shareholders in the
fourth quarter of fiscal 2018 to seek shareholders’ approval of the
share repurchase program. If shareholders approve the repurchase
program, ADSs may be purchased in the open market from time to time for
a period of 36 months from the date of shareholders’ approval. WNS
intends to fund the share repurchases with cash on hand. These
repurchases will be made in compliance with the SEC’s Rule 10b-18,
subject to market conditions, applicable legal requirements and other
factors. The plan does not obligate the company to repurchase any
specific number of shares and may be suspended at any time at
management’s discretion. The company had 50.3 million ordinary shares
outstanding as of December 31, 2017.
About WNS
WNS (Holdings) Limited (NYSE: WNS), is a leading global business process
management company. WNS offers business value to 350+ global clients by
combining operational excellence with deep domain expertise in key
industry verticals including Travel, Insurance, Banking and Financial
Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping
and Logistics, Healthcare and Utilities. WNS delivers an entire spectrum
of business process management services such as finance and accounting,
customer interaction services, technology solutions, research and
analytics and industry specific back office and front office processes.
As of December 31, 2017, WNS had 35,657 professionals across 53 delivery
centers worldwide including China, Costa Rica, India, Philippines,
Poland, Romania, South Africa, Sri Lanka, Turkey, United Kingdom and the
United States. For more information, visit www.wns.com.
Safe Harbor Statement
This release contains forward-looking statements, as defined in the safe
harbor provisions of the US Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on our current
expectations and assumptions about our Company and our industry.
Generally, these forward-looking statements may be identified by the use
of terminology such as “anticipate,” “believe,” “estimate,” “expect,”
“intend,” “will,” “seek,” “should” and similar expressions. These
statements include, among other things, the discussions of our proposed
share repurchase program, our intention to convene an extraordinary
general meeting to seek shareholders approval to approve it, and our
intention to fund share repurchases under the program with cash on hand.
Forward-looking statements inherently involve risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such statements. Such risks and uncertainties
include but are not limited to worldwide economic and business
conditions; political or economic instability in the jurisdictions where
we have operations; regulatory, legislative and judicial developments;
our ability to attract and retain clients; technological innovation;
telecommunications or technology disruptions; future regulatory actions
and conditions in our operating areas; our dependence on a limited
number of clients in a limited number of industries; our ability to
expand our business or effectively manage growth; our ability to hire
and retain enough sufficiently trained employees to support our
operations; negative public reaction in the US or the UK to offshore
outsourcing; the effects of our different pricing strategies or those of
our competitors; and increasing competition in the BPM industry. These
and other factors are more fully discussed in our most recent annual
report on Form 20-F and subsequent reports on Form 6-K filed with or
furnished to the US Securities and Exchange Commission (SEC) which are
available at www.sec.gov.
We caution you not to place undue reliance on any forward-looking
statements. Except as required by law, we do not undertake to update any
forward-looking statements to reflect future events or circumstances.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180118005598/en/
Source: WNS (Holdings) Limited
WNS (Holdings) Limited
Investors:
David
Mackey
Corporate SVP–Finance & Head of Investor Relations
+1
(201) 942-6261
david.mackey@wns.com
or
Media:
Archana
Raghuram
Global Head – Marketing & Communications
+91
(22) 4095 2397
archana.raghuram@wns.com
; pr@wns.com