{"id":416292,"date":"2021-01-18T23:51:12","date_gmt":"2021-01-19T04:51:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416292"},"modified":"2021-01-18T23:51:12","modified_gmt":"2021-01-19T04:51:12","slug":"triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/","title":{"rendered":"Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SINGAPORE, Jan.  18, 2021  (GLOBE NEWSWIRE) &#8212; <strong>Triterras Inc. (Nasdaq: TRIT, TRITW),<\/strong> a leading fintech company for trade and trade finance, has authorized a share repurchase program of up to $50 million and provided updates on other recent events.<\/p>\n<p>\n        <strong>$50 Million Share Repurchase Program<\/strong><br \/>\n        <br \/>Triterras\u2019 recent share price has created an attractive opportunity for the company to institute a stock repurchase program. The Board of Directors has approved a share repurchase of up to $50 million of the Company\u2019s common stock in open market or privately negotiated transactions, which may or may not be conducted through 10b5-1 plans.<\/p>\n<p>\n        <strong>Triterras Chairman and CEO Srinivas Koneru Open Market Share<\/strong><br \/>\n        <strong>Purchases<\/strong><br \/>\n        <br \/>On December 21, 2020, Chairman and CEO Srinivas Koneru announced his intention to purchase Triterras\u2019 shares in the open market. Thus far, purchases have been made of 169,652 shares by Mr. Koneru.<\/p>\n<p>\n        <strong>Statement in Response to Recent Short Report and Market Manipulation<\/strong><br \/>\n        <br \/>Last week, Triterras was the target of a short report that is part of what the Company believes to be an attempt by one or more short sellers to manipulate the market for their own financial gain. The authors of this report did not contact any representative of the Company before publishing it, and the report contains many inaccurate statements. The Company has made a statement regarding this report via 6 K, and the statement can also be accessed on the Company\u2019s website at the following link: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6wnUYTPEww0SawfNxNMq_PJ8RzosuqaXX9dETwJEVC9uZEbTMeykPDv4S3GYF7RiOn-7AAjvKo4eBLDqXcpIrqINlpueUGEB0zLKAMpGg_PP7ZovvaZ2wdqiRhs2RccOXV70FTOwMc-Yy-5H0ueMxCRIbwjD8lqFICdhUPcA5cM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/ir.triterras.com\/news-events\/press-releases<\/a>.<\/p>\n<p>\n        <strong>About\u00a0Triterras \u00a0<\/strong><br \/>\n        <br \/>Triterras is a leading fintech company focused on trade and trade finance. It launched and operates Kratos\u2122\u2014one of the world\u2019s largest commodity trading and trade finance platforms that connects and enables commodity traders to trade and source capital from lenders directly online. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wef5noAZGFLV_-XRk9QuQhN4baTcQL9LrDUjbWdshJ5l4AczvsscL5ezxOGUOqwK-anTvbYpkZqpnxKxQGMIJQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.triterras.com<\/a> or email us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bUskUX-e8ExtAOmYKO8A52lOewYRuRapQ5RaFjftb4ck4wp47xQzIzQ_BbrY8XA8ctv70uf9fPNubu-S0KehTSYV6oML8S5oO1LOQ8Dsn2U=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact@triterras.com<\/a>.<\/p>\n<p>\n        <strong>Forward Looking Statements<\/strong><br \/>\n        <br \/>This press release includes \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Triterras\u2019 actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include Triterras\u2019 expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Triterras\u2019 control and are difficult to predict. Factors that may cause such differences include but are not limited to risks and uncertainties incorporated by reference under \u201cRisk Factors\u201d in Triterras\u2019 Form 20-F (001-39693) filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on November 16, 2020 (the \u201cForm 20-F\u201d) and in Triterras\u2019 other filings with the SEC. Triterras cautions that the foregoing list of factors is not exclusive. Triterras cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Triterras does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.<\/p>\n<p>\n        <strong>Investor Relations Contacts:<\/strong><br \/>\n        <br \/>Jim Groh, Triterras Inc.<br \/>Mobile: +1 (678) 237-7101<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CjDYNnPm1gPGerWTcqY3ld90VIhF-cQ92t1gYo7MvUVoESHOlefLNTj8RAHgbuJOdGvyJgfcavNC-MDzB0posg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">IR@triterras.com<\/a><\/p>\n<p>Gateway Investor Relations<br \/>Cody Slach and Matt Glover<br \/>Office: +1 (949) 574-3860<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hzdwwURxh5V6e3RVoXeTY9Nopci_N0EoT07kz_LXFL7RpHmO-xzUOP8MbdO1M2p2ISZ39S5Bmj-D8pmXyGefmFVvDED27Ie8BIPIflOveSM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">TRIT@gatewayir.com<\/a><\/p>\n<p><strong>Media Contacts:<\/strong><br \/>Gregory Papajohn<br \/>Office of Corporate Communications<br \/>Triterras, Inc.<br \/>Mobile: +1 (917) 287-3626<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ViUplLetvGByE7V3BJE7fr3azVTNnqpEkT0E7vz32RFsAEnOXpvCmw68PcFh7HIJqhB1SU4zlWjwmB6Y6lTV5ccJsiC3WRYU4lrT-zYekpw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">press@triterras.com<\/a><\/p>\n<p>Edmond Lococo, ICR Inc.<br \/>Mobile: +86 138-1079-1408<br \/>Email: <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MN4z2HCCWtroj2T2Cx0daADn8gGagMWTCe3YMqkbE-t5y9vXV8_vUdrKTKBzdJNoYm1lA8Gfeiqb2xy5iGp-3Ow8NGN0kidWFeKhfYtzInc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Edmond.Lococo@icrinc.com<\/a><\/u><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzNzc1OCMzOTM0NTUxIzUwMDA3NDQ2Mw==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/069d4687-921a-4913-804f-b925b73a7c78\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Jan. 18, 2021 (GLOBE NEWSWIRE) &#8212; Triterras Inc. (Nasdaq: TRIT, TRITW), a leading fintech company for trade and trade finance, has authorized a share repurchase program of up to $50 million and provided updates on other recent events. $50 Million Share Repurchase Program Triterras\u2019 recent share price has created an attractive opportunity for the company to institute a stock repurchase program. The Board of Directors has approved a share repurchase of up to $50 million of the Company\u2019s common stock in open market or privately negotiated transactions, which may or may not be conducted through 10b5-1 plans. Triterras Chairman and CEO Srinivas Koneru Open Market Share Purchases On December 21, 2020, Chairman and CEO Srinivas Koneru announced his intention &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-416292","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Jan. 18, 2021 (GLOBE NEWSWIRE) &#8212; Triterras Inc. (Nasdaq: TRIT, TRITW), a leading fintech company for trade and trade finance, has authorized a share repurchase program of up to $50 million and provided updates on other recent events. $50 Million Share Repurchase Program Triterras\u2019 recent share price has created an attractive opportunity for the company to institute a stock repurchase program. The Board of Directors has approved a share repurchase of up to $50 million of the Company\u2019s common stock in open market or privately negotiated transactions, which may or may not be conducted through 10b5-1 plans. Triterras Chairman and CEO Srinivas Koneru Open Market Share Purchases On December 21, 2020, Chairman and CEO Srinivas Koneru announced his intention &hellip; Continue reading &quot;Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T04:51:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzNzc1OCMzOTM0NTUxIzUwMDA3NDQ2Mw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events\",\"datePublished\":\"2021-01-19T04:51:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\\\/\"},\"wordCount\":608,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEzNzc1OCMzOTM0NTUxIzUwMDA3NDQ2Mw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\\\/\",\"name\":\"Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events - 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(Nasdaq: TRIT, TRITW), a leading fintech company for trade and trade finance, has authorized a share repurchase program of up to $50 million and provided updates on other recent events. $50 Million Share Repurchase Program Triterras\u2019 recent share price has created an attractive opportunity for the company to institute a stock repurchase program. The Board of Directors has approved a share repurchase of up to $50 million of the Company\u2019s common stock in open market or privately negotiated transactions, which may or may not be conducted through 10b5-1 plans. Triterras Chairman and CEO Srinivas Koneru Open Market Share Purchases On December 21, 2020, Chairman and CEO Srinivas Koneru announced his intention &hellip; Continue reading \"Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-19T04:51:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzNzc1OCMzOTM0NTUxIzUwMDA3NDQ2Mw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events","datePublished":"2021-01-19T04:51:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/"},"wordCount":608,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzNzc1OCMzOTM0NTUxIzUwMDA3NDQ2Mw==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-authorizes-50-million-share-repurchase-program-and-provides-update-on-recent-events\/","name":"Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events - 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