SpartanNash Announces Share Repurchase Program
November 16 2017 - 8:00AM
Business Wire
SpartanNash Company (the “Company”) (Nasdaq: SPTN) today
announced that its Board of Directors has authorized the repurchase
of up to $50 million of the Company’s common stock from time to
time on the open market or in privately negotiated
transactions.
The new program will supplement the Company’s previous $50
million repurchase program. The new program will expire on November
15, 2022.
The timing and the amount of any repurchases of common stock
will be determined by SpartanNash based on its evaluation of market
conditions and other factors. Repurchases of common stock may also
be made under a Rule 10b5-1 plan, which would permit common stock
to be repurchased when the Company might otherwise be precluded
from doing so under insider trading laws. The repurchase program
may be suspended or discontinued at any time.
About SpartanNash
SpartanNash (Nasdaq: SPTN) is a Fortune 350 company whose core
businesses include distributing grocery products to independent
grocery retailers, select national accounts, its corporate owned
retail stores and U.S. military commissaries and exchanges.
SpartanNash serves customer locations in 47 states and the District
of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. As of
today, SpartanNash currently operates 145 supermarkets, primarily
under the banners of Family Fare Supermarkets, VG’s Food and
Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market.
Through its MDV military division, SpartanNash is a leading
distributor of grocery products to U.S. military commissaries.
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version on businesswire.com: http://www.businesswire.com/news/home/20171116005236/en/
Investor Contacts:SpartanNash CompanyMark ShamberChief Financial
Officer and Executive Vice President(616) 878-8023orICRKatie
TurnerManaging Director(646) 277-1228orMedia Contact:SpartanNash
CompanyMeredith GremelVice President Corporate Affairs and
Communications(616) 878-2830
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