-- 1.2 Million Shares Received at Maturity; A Total of 5.7 Million
Shares Received Under Agreement --
-- $550 Million Remaining on Existing Share Repurchase
Authorization --
NEW YORK--(BUSINESS WIRE)--
MSCI Inc. (NYSE: MSCI) a leading provider of research-based indexes and
analytics, announced today that it will receive approximately 1.2
million shares of its common stock on May 21, 2015 in connection with
the settlement of the $300 million accelerated share repurchase
agreement ("ASR") it entered into on September 18, 2014. MSCI
repurchased a total of 5.7 million shares as part of the September 2014
ASR.
The outstanding authorization of the Board of Directors to repurchase
shares of MSCI common stock with an aggregate value of up to $550
million is part of MSCI's commitment to return approximately $1 billion
in capital to shareholders by the end of 2016. Since September 2014,
$340 million of the total $1 billion commitment has been returned to
shareholders through share repurchases and cash dividends.
About MSCI
For more than 40 years, MSCI's research-based indexes and analytics have
helped the world's leading investors build and manage better portfolios.
Clients rely on our offerings for deeper insights into the drivers of
performance and risk in their portfolios, broad asset class coverage and
innovative research.
Our line of products and services includes indexes, analytical models,
data, real estate benchmarks and ESG research.
MSCI serves 98 of the top 100 largest money managers, according to the
most recent P&I ranking.
For more information, visit us at www.msci.com.
MSCI#IR
Forward-Looking Statements
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to future events or to future
financial performance and involve known and unknown risks, uncertainties
and other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future
results, levels of activity, performance, or achievements expressed or
implied by these statements. In some cases, you can identify
forward-looking statements by the use of words such as "may," "could,"
"expect," "intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential," or "continue," or the negative of these terms or
other comparable terminology. You should not place undue reliance on
forward-looking statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond our
control and that could materially affect our actual results, levels of
activity, performance, or achievements.
Other factors that could materially affect our actual results, levels of
activity, performance or achievements can be found in MSCI's Annual
Report on Form 10-K for the fiscal year ended December 31, 2014 filed
with the Securities and Exchange Commission ("SEC") on February 27,
2015, as amended, and in quarterly reports on Form 10-Q and current
reports on Form 8-K filed with the SEC. If any of these risks or
uncertainties materialize, or if our underlying assumptions prove to be
incorrect, actual results may vary significantly from what MSCI
projected. Any forward-looking statement in this press release reflects
MSCI's current views with respect to future events and is subject to
these and other risks, uncertainties and assumptions relating to MSCI's
operations, results of operations, growth strategy and liquidity. MSCI
assumes no obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise, except as required by law.
Website and Social Media Disclosure
MSCI uses its website and corporate Twitter account (@MSCI_Inc) as
channels of distribution of company information. The information we post
through these channels may be deemed material. Accordingly, investors
should monitor these channels, in addition to following our press
releases, SEC filings and public conference calls and webcasts. In
addition, you may automatically receive email alerts and other
information about MSCI when you subscribe to the notification service
available through our website by visiting the "Email Alert Subscription"
webpage at http://ir.msci.com/alerts.cfm.
The contents of MSCI's website and social media channels are not,
however, incorporated by reference into this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150519006224/en/
MSCI Inc.
New York
Stephen Davidson, + 1
212-981-1090
or
Media Inquiries
New York
Kristin
Meza, + 1 212-804-5330
or
London
Paul Griffin, +
44 20 7618 2594
or
MHP Communications
Sally Todd |
Christian Pickel, + 44 20 3128 8754
Source: MSCI Inc.
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