Old Republic Completes Stock Purchase By Its ESSOP
Old Republic International Corporation (ORI)
Last old republic international corporation earnings: 4/23 09:00 am
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US:NYSE Investor Relations:
ir.oldrepublic.com
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Source: PR Newswire
CHICAGO, March 30, 2020 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today reported that its Employee Savings & Stock Ownership Plan ("ESSOP") had completed open market purchases of 3,337,000 shares of the Company's common stock. The purchases were made at an average price of $14.98 per share or the total of $50 million originally planned. The actual number of shares purchased was approximately 11.2% greater than the contemplated 3 million share acquisition announced on March 12, 2020. The greater acquired number of shares reflected a lower average price per share due to market conditions that prevailed during the March 12, 2020 to March 27, 2020 acquisition period.As of December 31, 2019, the ESSOP held approximately 15.3 million ORI common shares or approximately 5.1% of all shares then outstanding. The ESSOP now owns approximately 18.7 million ORI common shares or approximately 6.2% of all currently outstanding common shares.About Old RepublicChicago-based Old
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