Ollie’s Bargain Outlet Holdings, Inc. Announces $100 million Increase in Share Buyback Authorization
HARRISBURG, Pa., Dec. 15, 2020 (GLOBE NEWSWIRE) Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that its Board of Directors authorized an increase in its share buyback program up to $159.6 million. This includes the approximately $59.6 million remaining under its previously announced program that expires on March 26, 2021. The authorization of the additional $100 million expires on January 13, 2023, subject to extension or earlier termination by the Board of Directors at any time.
The shares may be purchased from time to time in open market transactions (including blocks), privately negotiated transactions, accelerated share repurchase programs or other derivative transactions, issuer self-tender offers or any combination of the foregoing. The timing of repurchases and the actual amount purchased will depend on a variety of factors incl