Wix Announces Streamlined Approval Process for Share Repurchase Programs Following Amendments to Israeli Regulations
WIXWix(WIX) Prnewswire·2024-03-18 21:00

NEW YORK, March 18, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX) ("Wix, "we," "our" or the "Company"), today announced amendments to the Israeli Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel, 5760-2000), (the "Relief Regulations") which eliminate, subject to certain conditions, the requirement to obtain mandatory Israeli court approval for share repurchases for companies that were otherwise required to obtain such approval. Companies a ...