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News Breaks
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September 8, 2010
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| 16:41 EDT |  | APEI |
| theflyonthewall.com: | American Public board removes share cap for repurchase program | | American Public Education announced that its board has amended the company’s share repurchase program, which was initially announced on August 5. The amendment removes the share cap under the share repurchase program that was intended to result in the company having no fewer than 18M total shares of common stock outstanding. As amended, the company’s share repurchase program authorizes the repurchase of shares of the company’s common stock in an aggregate value of $20M, with no limitation on the aggregate number of shares that may be repurchased. Subject to market conditions, applicable legal requirements and other factors, the repurchases may be made in open market transactions, including pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. :theflyonthewall.com |
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