The timing and the amount of any repurchases will be determined by the Company's management, based on its evaluation of market conditions and other factors.
The stock repurchase program will be funded using the Company's cash balances, which are adequate to support the stock repurchase program and Cache's operating business. As of June 30, 2007, the Company had 16,296,733 shares of common stock outstanding.
Mr. Brian Woolf, Cache's Chairman and Chief Executive Officer commented: “We believe the Board's decision to initiate a stock repurchase program demonstrates its confidence in the Company and our ongoing growth strategies."
"This announcement also underscores our commitment to enhance long-term shareholder value and our belief in our ability to generate improved results by maximizing the value of our operating model.”
marketing@alchempro.com
