Tranche Update on Ascent Capital Group, Inc.'s Equity Buyback Plan announced on November 14, 2013.
May 15, 2019 at 06:42 am EDT
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From January 1, 2019 to March 31, 2019, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 1,871,157 shares, for $72.95 million under the buyback announced on November 14, 2013.
Ascent Capital Group, Inc. is a holding company. The Company's subsidiaries include Monitronics International, Inc. (MONI) and LiveWatch Security, LLC (LiveWatch). The Company's segments include MONI, LiveWatch and Other Activities. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers' premises, as well as providing customer service and technical support. LiveWatch is a do-it-yourself home security provider offering professionally monitored security services through a direct-to-consumer sales channel. LiveWatch offers a differentiated go-to-market strategy through direct response television, Internet and radio advertising. When a customer initiates the process to obtain monitoring services, LiveWatch pre-configures the alarm monitoring system based on customer specifications.