Neenah Renews Share Repurchase Plan
November 20 2020 - 4:30PM
Business Wire
Neenah, Inc. (NYSE: NP) announced that on November 19, 2020, its
Board of Directors renewed the Company’s share repurchase plan for
up to $25 million of its outstanding common stock effective January
2021. The current share repurchase plan remains in effect through
December 31, 2020.
Purchases by the Company under the program would be made from
time to time in the open market or in privately negotiated
transactions in accordance with the requirements of applicable law.
The timing and amount of any purchases will depend on share price,
market conditions and other factors. The program does not require
the Company to purchase any specific number of shares and may be
suspended or discontinued at any time.
About Neenah
Neenah is a leading global specialty materials company focused
on premium niche markets that value performance and image. Key
products and markets include advanced filtration media, specialized
performance substrates used for digital transfer, tape and abrasive
backings, labels and other products, and premium printing and
packaging papers. The Company is headquartered in Alpharetta,
Georgia and its products are sold in over 80 countries worldwide
from manufacturing operations in the United States, Europe and the
United Kingdom. Additional information can be found at the
Company's web site, www.neenah.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking" statements as defined in Section 27A of the
Securities Act of 1933 (the "Securities Act"), Section 21E of the
Securities Exchange Act of 1934 (the "Exchange Act"), the Private
Securities Litigation Reform Act of 1995 (the "PSLRA"), or in
releases made by the U.S. Securities and Exchange Commission
("SEC"), all as may be amended from time to time. Statements
contained in this press release that are not historical facts may
be forward-looking statements within the meaning of the PSLRA and
we caution investors that any forward-looking statements we make
are not guarantees or indicative of future performance. These
forward-looking statements rely on a number of assumptions
concerning future events and are subject to risks, uncertainties
and other factors, many of which are outside of our control and
could cause actual results to materially differ from such
statements. Such risks, uncertainties and other factors include,
but are not necessarily limited to, those set forth under the
captions "Cautionary Note Regarding Forward-Looking Statements"
and/or "Risk Factors" of our latest Form 10-K filed with the SEC as
periodically updated by subsequently filed Form 10-Qs (these
securities filings can be located on our website at
www.neenah.com). Unless specifically required by law, we assume no
obligation to update or revise these forward-looking statements to
reflect new events or circumstances. These cautionary statements
are being made pursuant to the Securities Act, the Exchange Act and
the PSLRA with the intention of obtaining the benefits of the "safe
harbor" provisions of such laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20201120005573/en/
Neenah, Inc. Bill McCarthy Vice President
Investor Relations 678-518-3278
Neenah (NYSE:NP)
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