ePlus inc. (NASDAQ NGS: PLUS) has 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, 2020, the company said.
The Company´s current repurchase plan will expire on May 27, 2020. ePlus had approximately 13.5 million shares of common stock outstanding as of May 19, 2020.
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 is a consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and lifecycle services expertise across key areas including security, cloud, data center, collaboration, networking and emerging technologies, ePlus transforms IT from a cost center to a business enabler. For more information, visit www.eplus.com.