Business Context and Reporting Period
This Form 6-K filing by International Game Technology PLC (IGT) covers the month of December 2021. The report details the execution of the company's share repurchase program, which was originally announced on November 16, 2021. The filing was signed on December 20, 2021, by Pierfrancesco Boccia, Corporate Secretary.
Key Financial Metrics
The filing focuses exclusively on capital allocation activities regarding share buybacks and does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics for the period.
- Total Shares Repurchased: 1,500,000 ordinary shares.
- Total Cost (USD): $40,834,863.69.
- Total Cost (GBP): £30,870,020.93.
- Share Status: Repurchased shares are held in treasury.
Repurchase Activity Details
| Date Delivered | Shares Purchased | Max Price Paid | Min Price Paid |
|---|---|---|---|
| 11/23/2021 | 378,400 | $29.78 | $27.64 |
| 11/26/2021 | 302,500 | $29.00 | $27.43 |
| 12/3/2021 | 541,141 | $28.03 | $25.20 |
| 12/10/2021 | 277,959 | $25.67 | $23.91 |
Material Changes
The filing does not provide comparative financial data or material changes in operating performance versus prior periods. The primary change reported is the reduction of outstanding shares through the treasury stock program.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a routine disclosure of share repurchase activity.
Investor Verification Checklist
- Verify the remaining authorization under the share repurchase program announced on November 16, 2021.
- Confirm the current number of shares held in treasury following this transaction.
- Review the company's most recent Form 20-F for comprehensive financial performance metrics not included in this 6-K.