Post Holdings Announces New Share Repurchase Authorization of $300 Million
06 September 2022 - 02:00PM
Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding
company, today announced its Board of Directors has approved a new
$300 million share repurchase authorization, with share repurchases
under the new authorization beginning on September 3, 2022. As of
September 2, 2022, Post had repurchased approximately $354 million
under its previous $400 million share repurchase authorization,
which was approved on November 17, 2021, became effective on
November 20, 2021 and was cancelled effective September 2, 2022.
Repurchases may be made from time to time in the open market, in
private purchases, through forward, derivative, accelerated
repurchase or automatic purchase transactions, or otherwise. The
shares would be repurchased with cash on hand and cash from
operations. Any shares repurchased would be held as treasury stock.
The authorization does not, however, obligate Post to acquire any
particular amount of shares, and repurchases may be suspended or
terminated at any time at Post’s discretion.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a
consumer packaged goods holding company with businesses operating
in the center-of-the-store, refrigerated, foodservice and food
ingredient categories. Its businesses include Post Consumer Brands,
Weetabix, Michael Foods and Bob Evans Farms. Post Consumer Brands
is a leader in the North American ready-to-eat cereal category and
also markets Peter Pan® nut butters. Weetabix is home to the United
Kingdom’s number one selling ready-to-eat cereal brand, Weetabix®.
Michael Foods and Bob Evans Farms are leaders in refrigerated
foods, delivering innovative, value-added egg and refrigerated
potato side dish products to the foodservice and retail channels.
Post participates in the global convenient nutrition category
through its minority ownership of BellRing Brands, Inc., a
publicly-traded holding company offering ready-to-drink shake and
powder protein products. Post participates in the private brand
food category through its investment with third parties in 8th
Avenue Food & Provisions, Inc., a leading, private brand
centric, consumer products holding company. For more information,
visit www.postholdings.com.
Contact:Investor RelationsMatt
Mainermatt.mainer@postholdings.com(314) 644-7618
Post (NYSE:POST)
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