Tiffany & Co. : Tiffany Extends Expiration of Share Repurchase Program
01/17/2013| 04:20pm US/Eastern
The Board of Directors of Tiffany & Co. (NYSE: TIF) has today extended
the expiration date of the Company's share repurchase program. The
existing program, which was approved in January 2011 with an
authorization to repurchase up to $400 million of the Company's Common
Stock, was scheduled to expire on January 31, 2013. The expiration date
is now extended to January 31, 2014 and approximately $164 million
remains available for share repurchases under this authorization. The
Company is not currently purchasing shares but management may resume
repurchases at any time in its discretion.
Tiffany & Co. operates jewelry stores and manufactures products through
its subsidiary corporations. Its principal subsidiary is Tiffany and
Company. The Company operates TIFFANY & CO. retail stores in the
Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates, and
also engages in direct selling through Internet, catalog and business
gift operations. For additional information, please visit www.tiffany.com
or call the shareholder information line at 800-TIF-0110.
Tiffany & Co.
Mark L. Aaron, 212-230-5301
© Business Wire 2013