ODDITY Tech Announces $200m Share Buyback Plan

Core Viewpoint - ODDITY Tech Ltd. has announced a new share buyback program authorizing the repurchase of up to $200 million of its Class A ordinary shares, replacing a previous plan of $150 million, with the program set to expire on March 31, 2029, or when the funds are fully utilized [1][2]. Share Buyback Program - The new Buyback Plan allows for the repurchase of shares subject to market conditions and other strategic priorities, and it may be modified or discontinued at any time [1][3]. - ODDITY had previously repurchased approximately $97 million under its prior authorization, including about $50 million year-to-date [2]. Repurchase Conditions - The timing, number, and value of shares repurchased will be at the company's discretion and will depend on various factors such as market price, economic conditions, and available liquidity [3]. Company Overview - ODDITY is a consumer tech company focused on building digital-first brands in the beauty and wellness sectors, serving approximately 68 million users through an AI-driven platform [6]. - The company operates from its headquarters in New York City, with additional facilities in Tel Aviv, Israel, and Boston [6].