Accenture board approves $4.0 billion in additional share repurchase Program
The company’s Board of Directors has approved $4.0 billion in additional share repurchase authority, bringing Accenture’s total outstanding authority to approximately $4.9 billion.During the fourth quarter of fiscal 2009, Accenture repurchased or redeemed 15.3 million shares for a total of $525 million, including $27 million for 0.8 million shares repurchased on the open market. During the full fiscal year 2009, Accenture repurchased or redeemed 58.0 million shares for a total of $1.9 billion, including $571 million for 18.9 million shares repurchased in the open market.
At Aug. 31, 2009, Accenture had approximately 731 million total shares outstanding, including 623 million Accenture Ltd Class A common shares and minority holdings of 108 million shares (Accenture SCA Class I common shares and Accenture Canada Holding, Inc. exchangeable shares).
