USA: Sport-Haley Announces Increase In Stock Buyback Program
Sport-Haley, Inc (Nasdaq: SPOR) today announced that the Board of Directors has increased the number of shares authorized for purchase under the company's previously announced repurchase program. The new authorization will permit the company to purchase a total of 320,000 additional shares of its Common Stock. The company has purchased all of the shares previously authorized for purchase under the repurchase program. The new authorization will take effect on the filing of the company's Form 10-K for the year ended June 30, 2000. The purchases may be made periodically in the open market, through block purchases or in privately negotiated transactions, depending on market conditions and other factors."Based on our belief that the repurchase program is in the best interests of our shareholders and that repurchases are a good investment of corporate funds, especially at the current market price, we have determined to further expand the number of shares authorized to be repurchased under the stock buyback program," said Robert G. Tomlinson, chairman and chief executive officer.Sport-Haley designs, contracts for the manufacture of, and markets quality men's and women's golf apparel and outerwear under the Haley label. The company's apparel is sold in the premium and mid priced market through a network of independent sale representatives and distributed to golf professional shops, country clubs and resorts across the United States and internationally.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Outlook 2017 – What next for apparel sourcing?
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- M&S clothing growth – What the analysts say
- Is China about to burst its apparel trade bubble?
- MAS Holdings planning second industrial park
- Cambodia clothing exports at risk from Brexit
- Aéropostale to reopen 500 stores across the US
- JC Penney latest retailer to shutter stores?
- Target leads funding for mobile quality inspection
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar