Tri Pointe Homes, Inc. (TPH) Approves $100M Buyback

TRI Pointe Group, Inc. (NYSE: TPH) (the “Company”) today announced that its Board of Directors has approved a $100 million stock repurchase program, effective February 23, 2017 (the “Repurchase Program”).

Under the Repurchase Program, the Company may repurchase its common stock with an aggregate value of up to $100 million through March 31, 2018. The Repurchase Program does not obligate the Company to repurchase any particular amount or number of shares of common stock, and it may be modified, suspended or discontinued at any time. The timing and amount of repurchases, if any, will be determined by the Company’s management at its discretion based on a variety of factors such as the market price of the Company’s common stock, corporate requirements, general market and economic conditions and legal requirements. Repurchases of the Company’s common stock 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 Securities Exchange Act of 1934, as amended.

You May Also Be Interested In

• Third Coast Bancshares approves $30M share repurchase program
• Propanc Biopharma launches $5M share repurchase program
• Cronos Group replaces broker for Canadian share repurchase program