Incyte Corporation (NasdaqGS:INCY) announces a share repurchase program. Under the offer, the company will repurchase up to $1,672 million worth of its shares. The shares will be repurchase between the price range of $52 per share to $60 per share.

The purpose of the tender offer is to return capital to our stockholders. The offer will be funded from cash on hand. The shares that are tendered to the fund in connection with this offer will be retired.

If more than $1,672 million shares are duly tendered to the fund prior to the expiration date and not withdrawn, the company will purchase all shares properly tendered on a pro rata basis, except for ?odd lots?. In accordance with the rules of the SEC, the company reserve the right to accept additional shares in the Offer, not to exceed 2% of our outstanding shares (approximately 4,497,091 shares, based on 224,854,553 shares of common stock issued and outstanding as of May 9, 2024), without amending or extending the Offer, and the company could decide to purchase more shares, subject to applicable legal requirements. The offer will expire on June 10, 2024, unless extended.