We issued a press release announcing that our Board of Directors approved a $250million increase to our common share repurchase program. This increase will add to the approximately 2.8 million-share authority that we have under our existing repurchase program. Our share repurchase program authorizes us to repurchase shares from time to time in the open market, through block trades or otherwise.
As of the close of business today, January31, 2020, we have 284,761,185 issued and outstanding common shares, or 307,759,516 outstanding common shares on a fully diluted basis (consisting of our outstanding common shares plus approximately 23million shares primarily from vested restricted stock units (RSUs) and the target number of RSUs issuable under our senior executive compe nsation plans (fully diluted shares exclude preferred shares as they are antidilutive)).
During the current fiscal quarter, we repurchased approximately 7 million common shares at an average price of $21.70 per share, or approximately $152 million in aggregate.
The information provided in this Item 7.01 is intended to be furnished and shall not be deemed filed for purposes of Section18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such a filing.
This disclosure contains forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements about our future and statements that are not historical facts. These forward-looking statements are usually preceded by the words should, expect, intend, may, will or similar expressions. Forward-looking statements include our expectations relating to future share repurchases and our share repurchase program. Forward-looking statements represent only our belief regarding future events, many of which by their nature are inherently uncertain or subject to change. It is possible that the actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements. Additional information, including Risk Factors, that could cause actual results to differ, perhaps materially, from those in our forward-looking statements is contained in reports we file with the SEC. You should read and interpret any forward-looking statement together with this disclaimer and the reports we file with the SEC.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
JEFFERIES FINANCIAL GROUP INC.
Date: January31, 2020
/s/ Roland T. Kelly
Roland T. Kelly
Managing Director and Associate General Counsel
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