ePlus Announces Stock Repurchase Program
May 24 2019 - 8:30AM
ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its board
of directors has authorized the Company to repurchase up to 500,000
shares of ePlus’ outstanding common stock over a 12-month period
commencing May 28, 2019. The Company’s former repurchase plan
expires May 27, 2019. ePlus had approximately 13.6 million shares
of common stock outstanding as of May 20, 2019.
The purchases may be made from time to time in
the open market, or in privately negotiated transactions, subject
to availability. Any repurchased shares will have the status of
treasury shares and may be used, if and when needed, for general
corporate purposes. ePlus has no obligation to repurchase shares
under the authorization, and the timing, actual number and value of
the shares which are repurchased will be at the discretion of
management and will depend on a number of factors, including the
price of the Company's common stock. The Company may suspend or
discontinue repurchases at any time.
About ePlus
inc.
ePlus is a leading consultative technology
solutions provider that helps customers imagine, implement, and
achieve more from their technology. With the highest certifications
from top technology partners and expertise in key technologies from
data center to security, cloud, and collaboration, ePlus transforms
IT from a cost center to a business enabler. Founded in 1990, ePlus
has more than 1,500 associates serving a diverse set of customers
in the U.S., Europe, and Asia-Pac. The Company is headquartered at
13595 Dulles Technology Drive, Herndon, VA, 20171. For more
information, visit www.eplus.com, call 888-482-1122, or email
info@eplus.com. Connect with ePlus on Facebook at
www.facebook.com/ePlusinc and on Twitter at
www.twitter.com/ePlus.
ePlus. Where Technology Means More®.
ePlus® and ePlus products referenced herein are
either registered trademarks or trademarks of ePlus inc. in the
United States and/or other countries. OneCloud is a trademark of
OneCloud Consulting, Inc. in the United States and/or other
countries.
Contact:Kleyton Parkhurst, SVPePlus
inc.kparkhurst@eplus.com703-984-8150
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