Shareholders' equity |
6 Months Ended | ||
|---|---|---|---|
Dec. 29, 2017 | |||
| Shareholders' equity |
Share capital Fabrinet’s authorized share capital is 500,000,000 ordinary shares, par value of $0.01 per ordinary share, and 5,000,000 preferred shares, par value of $0.01 per preferred share. For the six months ended December 29, 2017, Fabrinet issued 62,631 ordinary shares upon the exercise of options, for cash consideration at a weighted-average exercise price of $15.80 per share, and 194,174 ordinary shares upon the vesting of restricted share units, net of shares withheld. All such issued shares are fully paid. Treasury stock In August 2017, Fabrinet’s board of directors approved a share repurchase program to permit Fabrinet to repurchase up to $30.0 million worth of its issued and outstanding ordinary shares in the open market in accordance with applicable rules and regulations, at such time and such prices as management may decide. During the three and six months ended December 29, 2017, 315,973 shares were repurchased under the program, at an average price per share of $31.36, totaling $9.9 million and $9.9 million, respectively. All such repurchased shares are held as treasury stock. As of December 29, 2017, Fabrinet had a remaining authorization to purchase up to an additional $20.1 million worth of its ordinary shares under the share repurchase program. |