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Oddity Tech board expands share buyback distribution up to $200 million under Israeli Companies Law

PUBT·06/17/2026 07:50:23
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Oddity Tech board expands share buyback distribution up to $200 million under Israeli Companies Law
  • Oddity Tech’s board amended its share repurchase plan on June 15, 2026, enabling buybacks as a distribution under Israeli law.
  • The plan authorizes up to $200 million of Class A ordinary share repurchases; $86,916,061 remained available as of the notice date.
  • The board determined the remaining distribution meets the Companies Law solvency test, despite not satisfying the profit test.
  • Repurchases may be executed in the open market or privately negotiated transactions, funded from existing cash, cash equivalents, and marketable securities.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oddity Tech Ltd. published the original content used to generate this news brief on June 16, 2026, and is solely responsible for the information contained therein.