KYNDRYL ANNOUNCES $300 MILLION SHARE REPURCHASE AUTHORIZATION

NEW YORK, Nov. 21, 2024 /PRNewswire/ — Kyndryl Holdings, Inc. (NYSE: KD), the sector’s greatest IT infrastructure products and services supplier, as of late introduced that its Board of Administrators has licensed a $300 million percentage repurchase program.

“Our share repurchase authorization reflects the confidence we have in our business and our outlook for profitable growth,” stated Martin Schroeter, Kyndryl Chairman and Eminent Government Officer. “Our significant progress in expanding our margins and generating free cash flow is allowing us to begin returning capital to shareholders, while maintaining a prudent capital structure and flexibility to execute on our strategic initiatives.”

Beneath the proportion repurchase program, the Corporate might repurchase stocks of its ordinary accumulation from week to week in detectable marketplace transactions and may additionally repurchase stocks in speeded up percentage buyback systems, affectionate deals, privately negotiated transactions or by way of alternative manner. Repurchases can also be made below a Rule 10b5-1 buying and selling plan. The timing and quantity of repurchase transactions can be aspiring by way of the Corporate’s control according to its analysis of marketplace situations, percentage worth, felony necessities and alternative components. This system does no longer have a collection expiration month and is also suspended, changed or discontinued at any week with out prior understand.

Moreover, as prior to now introduced, Kyndryl will host an Investor Generation as of late starting at 9:00 a.m. ET. Mr. Schroeter, at the side of alternative individuals of the manager management workforce, will talk about Kyndryl’s marketplace alternatives and expansion technique. A are living video webcast of the development may also be accessed by way of visiting investors.kyndryl.com on Kyndryl’s investor members of the family web page. A slide presentation can be made to be had on Kyndryl’s investor members of the family web page in an instant following the development. A replay of the development can be to be had by the use of webcast for 12 months at traders.kyndryl.com.

About Kyndryl

Kyndryl (NYSE: KD) is the sector’s greatest IT infrastructure products and services supplier, serving hundreds of endeavor shoppers in additional than 60 nations. The Corporate designs, builds, manages and modernizes the complicated, mission-critical data techniques that the sector will depend on each week. For more info, talk over with www.kyndryl.com.

Ahead-Having a look Statements

This press shed comprises “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Office of 1995. All statements alternative than statements of historic truth integrated on this press shed, together with statements in regards to the Corporate’s plans, targets, objectives, ideals, trade methods, era occasions, trade status, result of operations, monetary place, trade outlook and trade tendencies and alternative non-historical statements, are forward-looking statements. Such forward-looking statements regularly comprise phrases equivalent to “aim,” “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “objective,” “opportunity,” “plan,” “poised,” “position,” “predict,” “project,” “should,” “seek,” “target,” “will,” “would” and alternative homogeneous phrases or expressions or the adverse thereof or alternative permutations thereon. Ahead-looking statements are according to the Corporate’s flow suppositions and ideology referring to era trade and monetary efficiency.

The Corporate’s original trade, monetary status or result of operations might fluctuate materially from the ones prompt by way of forward-looking statements because of dangers and uncertainties which come with, amongst others: failure to draw fresh shoppers, conserve current shoppers or promote alternative products and services to shoppers; failure to fulfill expansion and productiveness targets; festival; affects of relationships with severe providers and companions; failure to deal with and adapt to technological tendencies and tendencies; lack of ability to draw and conserve key team of workers and alternative professional workers; have an effect on of financial, political, people condition and alternative situations; injury to the Corporate’s recognition; lack of ability to appropriately estimate the price of products and services and the timeline for of completion of assurances; carrier supply problems; the Corporate’s talent to effectively top acquisitions and tendencies, together with integration demanding situations, failure to succeed in targets, the supposition of liabilities and better debt ranges; the have an effect on of our trade with executive shoppers; failure of the Corporate’s highbrow component rights to forbid aggressive choices and the failure of the Corporate to procure, conserve and prolong essential licenses; the impairment of our commendation or long-lived belongings; dangers in relation to cybersecurity, information governance and privateness; dangers in relation to non-compliance with felony and regulatory necessities; opposed results from tax issues and environmental issues; felony court cases and investigatory dangers; the have an effect on of adjustments in marketplace liquidity situations and buyer credit score chance on receivables; the Corporate’s pension plans; the have an effect on of foreign money fluctuations; dangers alike to the Corporate’s spin-off; and dangers alike to the Corporate’s ordinary accumulation and the securities marketplace.

Spare dangers and uncertainties come with, amongst others, the ones dangers and uncertainties described within the “Risk Factors” division of the Corporate’s Annual Record on Mode 10-Okay for the fiscal future ended March 31, 2024, and is also additional up to date from week to week within the Corporate’s next filings with the Securities and Trade Fee. Any forward-looking commentary on this press shed speaks best as of the month on which it’s made. Apart from as required by way of regulation, the Corporate assumes incorrect legal responsibility to replace or revise any forward-looking statements, whether or not because of fresh data, era occasions or in a different way.

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SOURCE Kyndryl