Adtalem Global Education announces new $300M share repurchase program

Adtalem Global Education announced that its board of directors has authorized a new share repurchase program, which allows Adtalem to repurchase up to $300M of its common stock through Jan. 16, 2027. In connection with this announcement, Adtalem disclosed that it completed its February 2022 board authorized $300M share repurchase program on January 16, representing a significant return for our shareholders. Under the February 2022 board authorized $300M repurchase program and prior $163M accelerated share repurchase, or ASR, program agreement, which concluded on October 14, 2022, Adtalem has repurchased 11.6M shares at an average price of $39.85 which represents a reduction in shares outstanding of 23% against base shares outstanding as of February 1, 2022. The company has approximately 39.3M shares of common stock outstanding as of Jan. 16, 2024.