HERNDON,
Va., April 5, 2023 /PRNewswire/ -- ePlus inc.
(NASDAQ NQGS: PLUS – news) today announced that its board of
directors has authorized the Company to repurchase up to 1,000,000
shares of ePlus' outstanding common stock over a 12-month period
commencing May 28, 2023. The
Company's current repurchase plan will expire on May 27, 2023. ePlus had approximately 26.9
million shares of common stock outstanding as of April 3, 2023.
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 has no obligation to repurchase
shares under the authorization, and the timing, actual number and
value of the shares which are repurchased will be at the discretion
of management and will depend on a number of factors, including the
price of the Company's common stock. The Company may suspend or
discontinue repurchases at any time.
About ePlus inc.
ePlus has an unwavering and relentless focus on leveraging
technology to create inspired and transformative business outcomes
for its customers. Offering a robust portfolio of solutions, as
well as a broad range of consultative and managed services across
the technology spectrum, ePlus has proudly achieved more than 30
years of success in the business, carrying customers forward
through adversity, rapidly changing environments, and other
obstacles. ePlus is a trusted advisor, bringing expertise,
credentials, talent and a thorough understanding of innovative
technologies, spanning security, cloud, data center, networking,
collaboration and emerging solutions, to organizations across all
industry segments. With complete lifecycle management
services and flexible payment solutions, ePlus' more than 1,700
associates are focused on cultivating positive customer experiences
and are dedicated to their craft, harnessing new knowledge while
applying decades of proven experience. ePlus is headquartered
in Virginia, with offices in
the United States, UK,
Europe, and Asia–Pacific.
For more information, visit www.eplus.com, call 888-482-1122, or
email info@eplus.com. Connect with ePlus on LinkedIn,
Twitter, Facebook, and Instagram. ePlus, Where Technology
Means More®.
ePlus®, Where Technology Means More®, and
ePlus products referenced herein are either registered trademarks
or trademarks of ePlus inc. in the United
States and/or other countries.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/eplus-announces-new-stock-repurchase-program-301790490.html
SOURCE ePlus inc.