Stage Stores BOD approves $50mn stock repurchase program
22 Jun '07
1 min read
Stage Stores Inc announced the completion of its previously announced $50 million Stock Repurchase Program that was approved by its Board of Directors on January 5, 2007.
The Company noted that it will continue to repurchase shares of its common stock utilizing proceeds received from the exercise of employee stock options, of which approximately $9.2 million is currently available.
Since the inception of its stock repurchase plans in 2002, the Company has spent a cumulative total of $218.0 million on stock repurchases, and has repurchased approximately 13.3 million shares.
Stage Stores Inc brings nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities through 667 stores located in 33 states.
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