{"id":796446,"date":"2024-12-20T07:04:03","date_gmt":"2024-12-20T12:04:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ccc-board-approves-new-300-million-share-repurchase-authorization\/"},"modified":"2024-12-20T07:04:03","modified_gmt":"2024-12-20T12:04:03","slug":"ccc-board-approves-new-300-million-share-repurchase-authorization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ccc-board-approves-new-300-million-share-repurchase-authorization\/","title":{"rendered":"CCC Board Approves New $300 Million Share Repurchase Authorization"},"content":{"rendered":"

<\/p>\n

CCC Board Approves New $300 Million Share Repurchase Authorization<\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nCCC Intelligent Solutions Holdings Inc. (the \u201cCompany\u201d) (NASDAQ: CCCS), a leading cloud platform provider for the P&C insurance economy, today announced that its board of directors has approved a new share repurchase authorization to repurchase up to $300 million of the Company’s outstanding common stock.<\/p>\n

\nUnder the repurchase authorization, the Company is authorized to repurchase shares through open market purchases, privately negotiated transactions, or accelerated share repurchases. The repurchase authorization does not obligate the Company to repurchase shares and the specific timing and amount of repurchases may vary based on available capital resources, market conditions, management’s discretion, securities law limitations, and other factors. Repurchases, if any, will be funded out of available liquidity and free cash flow.<\/p>\n

\nAbout CCC<\/p>\n

\nCCC Intelligent Solutions Inc. (\u201cCCC\u201d), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading cloud platform provider for the multi-trillion-dollar P&C insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud\u2122 platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. Learn more about CCC at www.cccis.com<\/a>.<\/p>\n

\nSpecial Note Regarding Forward-Looking Statements<\/p>\n

\nThis press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201congoing\u201d or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding future use and performance of CCC\u2019s digital solutions. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, competition, including technological advances and new products marketed by competitors; changes to applicable laws and regulations; and other risks and uncertainties, including those included under the header \u201cRisk Factors\u201d in CCC\u2019s filings with the Securities and Exchange Commission (\u201cSEC\u201d), including the Form 10-K filed February 28, 2024, which can be obtained, without charge, at the SEC\u2019s website (www.sec.gov<\/a>). The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241220348891\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Bill Warmington
\n
VP, Investor Relations, CCC Intelligent Solutions Inc.
\n
312-229-2355
\n
IR@cccis.com<\/a><\/p>\n

KEYWORDS:<\/b> Illinois United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Insurance Data Analytics Finance Artificial Intelligence Professional Services Technology Mobile\/Wireless<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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CCC Board Approves New $300 Million Share Repurchase Authorization CHICAGO–(BUSINESS WIRE)– CCC Intelligent Solutions Holdings Inc. (the \u201cCompany\u201d) (NASDAQ: CCCS), a leading cloud platform provider for the P&C insurance economy, today announced that its board of directors has approved a new share repurchase authorization to repurchase up to $300 million of the Company’s outstanding common stock. Under the repurchase authorization, the Company is authorized to repurchase shares through open market purchases, privately negotiated transactions, or accelerated share repurchases. The repurchase authorization does not obligate the Company to repurchase shares and the specific timing and amount of repurchases may vary based on available capital resources, market conditions, management’s discretion, securities law limitations, and other factors. Repurchases, if any, will be funded … <\/p>\n

Continue reading “CCC Board Approves New $300 Million Share Repurchase Authorization”<\/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-796446","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCCC Board Approves New $300 Million Share Repurchase Authorization - 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\/ccc-board-approves-new-300-million-share-repurchase-authorization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCC Board Approves New $300 Million Share Repurchase Authorization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CCC Board Approves New $300 Million Share Repurchase Authorization CHICAGO–(BUSINESS WIRE)– CCC Intelligent Solutions Holdings Inc. (the \u201cCompany\u201d) (NASDAQ: CCCS), a leading cloud platform provider for the P&C insurance economy, today announced that its board of directors has approved a new share repurchase authorization to repurchase up to $300 million of the Company’s outstanding common stock. Under the repurchase authorization, the Company is authorized to repurchase shares through open market purchases, privately negotiated transactions, or accelerated share repurchases. The repurchase authorization does not obligate the Company to repurchase shares and the specific timing and amount of repurchases may vary based on available capital resources, market conditions, management’s discretion, securities law limitations, and other factors. 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