ServiceNow (NYSE:NOW) Approves Share Buyback Plan of Up to $1.5 Billion。
The company said the program’s main goal is “managing the impact of dilution from future employee equity grants and employee stock purchase programs.”
ServiceNow said it may repurchase shares from time to time via open-market purchases, privately negotiated deals or by other means.
The buyback program, the company’s first ever, doesn’t have a fixed expiration date and may be suspended or stopped at any time, ServiceNow said.