The American natural and organic food company, The Hain Celestial Group, announced on September 17 that its Board of Directors has authorised a stock repurchase program.
Irwin D. Simon, chairman, president and CEO, said, "Given recent events, we believe that this stock repurchase benefits our shareholders, and demonstrates how good we feel about the outlook for our business, and shows our confidence that Hain Celestial will play a full role at this time in our nation's economy."
The timing and amount of any shares repurchased will be determined by the company's management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at anytime.
Any share repurchases under this program may be made, from time-to-time, in the open market, through block trades or otherwise. Depending on market conditions and other factors, these purchases may be commenced or suspended at any time or from time-to-time without prior notice.
As of September 17, 2001, The Hain Celestial Group has approximately 33.8 million shares outstanding.