Connect with us

Technology

Cboe Global Markets Announces Increase in Share Repurchase Authorization; Declares Increased Third-Quarter 2024 Dividend

Published

on

Increases share repurchase authorization by $500 millionIncreased quarterly cash dividend to $0.63 per share14th consecutive year Cboe has increased its dividend

CHICAGO, Aug. 16, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its Board of Directors has authorized the company to repurchase up to an additional $500 million of its outstanding common stock and declared an increased quarterly cash dividend of $0.63 per share of common stock for the third quarter of 2024.

The increased third-quarter 2024 dividend, representing a 15 percent increase from the prior quarter’s dividend of $0.55 per share, is payable on September 13, 2024, to stockholders of record as of August 30, 2024.

As of July 31, 2024, the Company had $179.8 million of availability remaining under its existing share repurchase authorizations.

“The share repurchase authorization increase and increased quarterly dividend are testaments to management and the Board of Directors’ confidence in the performance of Cboe’s global business lines and adherence to a disciplined capital allocation program. Cboe’s balance sheet is strong and has us well-positioned to continue investing in the long-term growth of our business while also returning capital to our shareholders,” said Fred Tomczyk, Chief Executive Officer of Cboe Global Markets.

The share repurchase program has no expiration date. The repurchase program permits the company to purchase shares through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the company to make any repurchases at any specific time or situation. The timing and extent to which the company repurchases its shares will depend upon, among other things, market conditions, share price, liquidity targets, regulatory requirements and other factors. Share repurchases may be commenced or suspended at any time or from time to time without prior notice.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

Cboe Media Contacts

Cboe Analyst Contact

Angela Tu 

Tim Cave

Kenneth Hill, CFA 

+1-646-856-8734 

 +44 (0) 7593-506-719

+1-312-786-7559 

atu@cboe.com 

tcave@cboe.com

khill@cboe.com 

CBOE-C
CBOE-OE

Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. 

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; global expansion of operations; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our growth and strategic acquisitions or alliances effectively;  our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the impacts of pandemics; the accuracy of our estimates and expectations; litigation risks and other liabilities; and risks relating to digital assets, including winding down the Cboe Digital spot market and transitioning digital asset futures contracts to CFE, operating a digital assets futures clearinghouse, cybercrime, changes in digital asset regulation, and fluctuations in digital asset prices. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cboe-global-markets-announces-increase-in-share-repurchase-authorization-declares-increased-third-quarter-2024-dividend-302224556.html

SOURCE Cboe Global Markets, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

CIEBON Chooses Centric PLM to Streamline and Align Teams

Published

on

By

Fast-growing fashion company adopts Centric PLM to support rapid company expansion

CAMPBELL, Calif., Jan. 7, 2025 /PRNewswire-PRWeb/ — Centric Software® is pleased to announce that CIEBON, the fashion company has selected Centric PLM™ to boost collaboration and speed to market. Centric Software provides retailers and brands the most innovative end-to-end product lifecycle enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, outdoor, luxury, footwear, home and related goods like cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals.

When we saw that first Centric PLM demo, it was pretty clear that’s what we were missing and what we needed to keep growing.

Based in Los Angeles, California, CIEBON was established in 2021. This contemporary womenswear brand seamlessly merges modern femininity with effortless chic, from dresses to sportswear. Showcased in seasonal collections, CIEBON stands out for its unexpected details and luxurious fabrics, offering a curated selection of statement pieces and elevated ready-to-wear designs. The brand’s collections are available in upscale boutiques, department stores and online.

Daniel Banaga, Creative Director at CIEBON describes how the growth of the business outpaced the growth of the team. Banaga described the tools they used when the company first started as ‘rudimentary’. “We had to learn all the technical know-how and how to do all the integrations with our ERP system. That took a lot of time away from building the business and focusing on the brand,” he explains. Implementing Centric PLM will allow for freedom of tedious tasks shifting focus to collection inspiration and design enabling overall growth of the business.

The brand is renowned for creating custom fabrics with vivid prints and in-house embroidery designs. Banaga explains, “We develop all our embroidery in-house and having a material library for base fabrics and artwork in our colorways will be an incredible asset. It allows us to revisit past designs and reinvent them in fresh, new ways—it’s truly a game changer. With these essentials organized in our PLM, creating new designs or updated versions of existing ones will be seamless and efficient.”

Founder and CEO Charlene Xie says, “I wanted things in a very particular way to offer unique, colorful pieces made with rich fabrics. We are grateful boutiques and retailers appreciated that and it is why we’ve grown so quickly.” It was this growth that propelled the company to look for a PLM solution.

CIEBON identified bottlenecks and misaligned communication as significant pain points. Banaga shares, “Fashion is so time sensitive that if you’re not organized and don’t have all your ducks in a row, you end up suffering the consequences at some point—immediately or down the road. Having a reliable source of information is critical. With our small team moving quickly, effective communication can be a challenge. We needed a centralized system to ensure accurate, up-to-date information and track changes and progress seamlessly. That level of visibility is critical for staying aligned and driving our work forward.” Banaga continues, “One of the main draws for us was the Centric vendor portal. With overseas suppliers, communication over email can get muddied. We needed the ability to see what’s happening on the vendor’s side and to track the progress and changes…Being able to communicate all the changes and all the comments, especially to our vendors—fabric mills and garment companies—is huge. There are numerous collaborations that need to happen. Every minute counts when it comes to what we’re doing. Being organized is key.”

CIEBON did the research and found Centric Software to be an expert in the PLM industry. Banaga says, “When we saw that first Centric PLM demo, it was pretty clear that’s what we were missing and what we needed to keep growing.”

President of Centric Software Fabrice Canonge says, “We are proud to welcome CIEBON, an exciting, emerging fashion brand, to the Centric Software community. They are poised for huge growth and Centric PLM is the perfect tool to enable that growth by organizing data, improving collaboration with vendors and speeding time to market, leaving them to focus on creativity and innovation.”

Learn more about Centric Software

See Centric AI-Powered Solutions in action at NRF 2025, Booth #6257

CIEBON (http://www.ciebon.com)

CIEBON is a Los Angeles based and Asian owned contemporary womenswear brand that blends modern femininity with effortless chic. Presented in seasonal collections, the brand features unexpected detailing and lush fabrics in a range of statement pieces and elevated ready-to-wear.

Media Contact

Aurore Evee, Centric Software, +16479155377, aurore.evee@centricsoftware.com, www.centricsoftware.com

View original content to download multimedia:https://www.prweb.com/releases/ciebon-chooses-centric-plm-to-streamline-and-align-teams-302344594.html

SOURCE Centric Software

Continue Reading

Technology

Dreame Technology Stuns CES 2025 with Innovative Technologies Including Its Groundbreaking Bionic Multi-Joint Robotic Arm Technology and a Full Range of Products Such as the X50 Ultra

Published

on

By

LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — The highly anticipated International Consumer Electronics Show (CES 2025) officially kicked off. Dreame Technology, a leading name in high-end consumer electronics and smart manufacturing, made a striking debut with the theme “All Dreams in One Dreame.” At CES 2025, the company unveiled its comprehensive ecosystem of advanced products, including robot vacuum, wet and dry vacuums, cordless stick vacuums, cordless robotic pool cleaners, and multifunctional hair drying and styling systems. With this impressive lineup, Dreame showcased its cutting-edge smart technologies, redefining the possibilities of innovative living for consumers worldwide.

Strengthen the Core Technology Barriers and Create a New Benchmark in the Robot Vacuum Industry

As a technology benchmark in the smart home appliance industry, Dreame Technology firmly believes that “core technology is the foundation of everything.”  Dreame Technology has continuously broken through and innovated, introducing many industry innovations such as Robotic Flex Arm, VersaLift, and Automatic mop removal technology.

Among them, the most noteworthy is Dreame Technology’s first robotic vacuum cleaner with an automatic arm capable of changing and using different cleaning tools. This design incorporates Dreame Technology’s first bionic multi-joint robotic arm technology and cleaning tool accessory compartment. The bionic multi-joint manipulator with four joints mimics a human hand, seamlessly integrating features similar to shoulders, elbows, wrists, and fingers. It stretches up to 30cm from the machine’s edge, effectively extending its cleaning reach. By being equipped with a self-developed structured light RGB module, the robotic arm can deeply perceive and detect the environment based on AI algorithms and return to the base station to change cleaning tools according to different scenarios and dirty needs to complete various cleaning tasks.

Another innovative Multi-Mop Replacement Dock adopts a new base station structure, which accommodates up to 3 sets of mopping cloths and supports the automatic replacement of mops at the base station. Users can customize different mops for specific areas based on personal preferences and household habits to achieve dedicated mop use in specific zones, thereby effectively avoiding the cross-use of mops in the bathroom, kitchen, living room, bedroom, and other spaces, making it more hygienic and cleaner. Additionally, the system comprehensively upgrades the drying method, adopting a dual air duct design, which can dry 3 sets of mops simultaneously, making it more efficient and time-saving.

Revolutionary Multi-Category Innovations Lead the New Trend in Smart Home Appliances

In the smart cleaning category, the X50 Ultra robot vacuum was one of the most eye-catching products at the Dreame Technology booth, winning many awards, including the CES 2025 International Breakthrough Award. It is equipped with Dreame Technology’s world-first robotic retractable legs technology, which can achieve a maximum obstacle crossing height of 6cm*. At the same time, it also features VersaLift, Dual Flex Arm Technology, and other technologies, elevating the cleaning performance of sweeping robots to a new level.

H15 Pro Heat wet and dry vacuum equipped with Dreame Technology’s GapFree™ AI DescendReach Robotic Arm technology achieves no cleaning dead zones and no water residue. When the wet and dry vacuum senses an edge, the AI smart lifting robotic arm will adaptively press down and quickly stick to the edge to complete the corner cleaning.  Z30 Smart Sensor cordless stick vacuum supports the smart sensor dirt function. Dreame Technology’s self-developed 150,000RPM high-speed digital motor delivers peak suction power of 300AW and a runtime of up to 90 minutes.

For outdoor cleaning scenarios, Dreame Technology has launched the Z1 Pro cordless robotic pool cleaner, whose innovative PoolSense™ technology can intelligently recognize the shape of the pool, enabling optimized zoning and S-shaped cleaning routes to improve cleaning efficiency. Based on LiFi communication technology, users can use a remote control to communicate with the swimming pool robot underwater in real time, assign cleaning tasks, and easily complete various cleaning needs.

On the other side of the booth, the newly launched Airstyle Pro Multifunctional Hair Drying & Styling System also garnered considerable attention from visitors. It is a salon-grade styler that integrates seven functional accessories for blow-drying, curling, straightening, and more.

Dreame Technology’s full ecosystem debut at CES 2025 highlights its remarkable breakthroughs in cutting-edge technology.

About Dream Technology

Established in 2017, Dreame Technology is an innovative consumer product company that focuses on smart home cleaning appliances with the vision to empower lives through technology. Follow us on FacebookInstagramTikTok and Twitter.

For more information, visit https://www.dreametech.com/.

*6cm: The 6cm refers to the height of the two steps. A single obstacle is 4.5cm high, and a single climbing mat’s crossing height is 1.5cm. Based on our in-house lab testing, actual results may vary depending on environmental factors.

View original content:https://www.prnewswire.co.uk/news-releases/dreame-technology-stuns-ces-2025-with-innovative-technologies-including-its-groundbreaking-bionic-multi-joint-robotic-arm-technology-and-a-full-range-of-products-such-as-the-x50-ultra-302344352.html

Continue Reading

Technology

Lower Acquires Neat Labs, Launches LowerOS to Transform Digital Mortgage Experience

Published

on

By

COLUMBUS, Ohio, Jan. 7, 2025 /PRNewswire/ — Lower, a leading digital mortgage lender, today announced its acquisition of Neat Labs, a company renowned for its end-to-end mortgage origination software. Lower will integrate Neat Labs’ proprietary software into LowerOS, a comprehensive, cloud-based mortgage platform designed to deliver a world-class borrower experience and reduce the time and cost to produce a loan.

Founded in 2015, Neat Labs developed a cutting-edge platform that streamlines the mortgage process from pricing to loan approval and closing. Neat Labs originated over $1 billion in loans, taking borrowers from application to funding in as little as 10 days.

The introduction of LowerOS marks the beginning of a new era in mortgage technology, letting borrowers and loan officers collaborate like never before. Through LowerOS borrowers will have self-serve access to Neat Labs’ advanced underwriting engine letting consumers select the best loan product and payment plan they qualify for. LowerOS also automates many of the time-consuming tasks in the mortgage process, reducing the time and cost for borrowers to get a loan and giving Lower’s nationwide network of loan officers more time to spend guiding each client.

“We’re thrilled to bring Neat Labs into the Lower family. Their technology is the foundation of our next chapter,” said Dan Snyder, CEO and Co-Founder of Lower. “Since our inception, we’ve combined cutting-edge technology with an elite level of customer service. With LowerOS, we are once again revolutionizing the mortgage industry, offering unmatched operational efficiency and an intuitive, frictionless experience for both borrowers and loan officers.”

Steve Herschleb, Co-Founder and Chief Technology Officer (CTO) of Neat Labs, will join Lower as the company’s new CTO. Herschleb, who has extensive experience in developing scalable mortgage technology systems and previously served as Chief Product Officer at Maxwell, will play a critical role in the development of LowerOS.

“LowerOS will change the way consumers think about getting a mortgage whether they are buying a new home, refinancing to reduce their monthly payments or tapping the equity in their home to consolidate debts or pay for a major life event like that overdue home remodel,” said Herschleb. “With LowerOS, borrowers can get approved significantly faster than they can today. It’ll make getting a mortgage feel more like a car loan or a credit card.”

With this acquisition and the introduction of LowerOS, Lower continues to redefine the mortgage experience by combining advanced technology with a focus on delivering exceptional value and efficiency.

About Lower
Founded in 2014, Lower is the 28th largest home lender in the country, and backed by Accel Partners, SoFi, and Veritex Bank. Lower operates a digital platform that meets customers both online through its website, and offline though its distributed retail branches. Committed to being the best lender for both originators, and consumers, Lower is redefining home finance one home at a time.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lower-acquires-neat-labs-launches-loweros-to-transform-digital-mortgage-experience-302344515.html

SOURCE Lower, LLC

Continue Reading

Trending