Tranche Update on Flex Ltd.'s Equity Buyback Plan announced on August 23, 2019.
January 30, 2021 at 02:48 am IST
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From September 26, 2020 to December 31, 2020, the company has repurchased 2,396,057 shares, representing 0.48% for $37.68 million. With this, the company has completed the repurchase of 18,734,049 shares, representing 3.69% for $222.45 million under the buyback announced on August 23, 2019.
Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge.
FLEX LTD. 
