Tilly’s, Inc. Board of Directors Authorizes Share Repurchase Program
14 März 2022 - 09:15PM
Business Wire
Tilly’s, Inc. (NYSE: TLYS, the “Company”) announced today that
its Board of Directors has authorized a share repurchase program
(the “Program”), pursuant to which the Company may repurchase up to
two million shares of the Company’s Class A common stock over the
next twelve months through March 14, 2023. Repurchases of Class A
common stock by the Company pursuant to the Program may be made in
open market transactions effected through a broker-dealer at
prevailing market prices, in block trades, or by other means in
accordance with federal securities laws, including pursuant to any
trading plan that may be adopted in accordance with Rule 10b5-1 of
the Exchange Act. The Company is not obligated to repurchase any
specific number or amount of shares of Class A common stock
pursuant to the Program, and it may modify, suspend or discontinue
the Program at any time. The Company will determine the timing and
amount of repurchased shares, if any, in its discretion based on a
variety of factors, such as the market price of Class A common
stock, corporate requirements, general market economic conditions
and applicable legal requirements.
About Tillys
Tillys is a leading specialty retailer of casual apparel,
footwear and accessories for young men, young women, boys and girls
with an extensive assortment of iconic global, emerging and
proprietary brands rooted in an active and social lifestyle. Tillys
is headquartered in Irvine, California and currently operates 241
stores and its website, www.tillys.com.
Forward-Looking
Statements
Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. In particular, statements regarding the
Company’s intention to repurchase shares of its Class A common
stock, if any, and any other statements about its future
expectations, plans, intentions, beliefs or prospects expressed by
the Company or the Company’s management are forward-looking
statements. These forward-looking statements are based on
management’s current expectations and beliefs, but they involve a
number of inherent risks and uncertainties that could cause actual
results or events to differ materially from those indicated by such
forward-looking statements. Readers are urged not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company does not undertake
any obligation to update or alter any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220314005821/en/
Investor Relations Contact: Michael Henry, Executive Vice
President, Chief Financial Officer (949) 609-5599, ext. 17000
irelations@tillys.com
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