Global Indemnity Group, LLC Announces Additional Share Buyback Authorization

Jan 03, 2023

Global Indemnity Group, LLC (NYSE:GBLI, Financial) (“GBLI”) today announced that it has spent $21.9 million under its previously announced stock purchase program and authorized an additional repurchase amount of $38.1 million for an aggregate stock purchase program of $60 million. The authorization to repurchase shares will expire on December 31, 2027. The timing and actual number of shares repurchased, if any, will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. Further, GBLI may utilize a variety of stock repurchase methods, including open market purchases or privately negotiated transactions, all in compliance with GBLI’s Insider Trading Policy, the United States Securities and Exchange Commission, and other applicable legal requirements. The repurchase program does not obligate GBLI to acquire any amount of A Common Shares, and the repurchase program may be suspended or discontinued at any time at GBLI’s discretion.

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