ePlus inc. (NASDAQ: PLUS) said that its board of directors has authorized the company to repurchase up to 500,000 shares of its outstanding common stock over a 12-month period commencing June 16, 2014.
This new authorization replaces the company´s current repurchase plan which was to expire on November 13, 2014. The current plan, which commenced November 14, 2013, authorized the repurchase of up to 750,000 shares of ePlus´ outstanding common stock. Since commencement of the plan, the company has repurchased 687,488 shares through June 12, 2014. ePlus had approximately 7.5m shares of common stock outstanding as of June 9, 2014.
ePlus is a leading integrator of technology solutions. The company is headquartered in Herndon, VA. For more information, visit www.eplus.com, on Facebook at www.facebook.com/ePlusinc and on Twitter at www.twitter.com/ePlus.