Stock repurchasing plan for Iconix brand

Industry Updates

Iconix Brand Group Announces New $300 Million Stock Repurchase Program

Surfersvillage Global Surf News, 20 February, 2013 : - - Iconix Brand Group, Inc. announced that its Board of Directors has authorized a program to repurchase up to $300 million of its common stock over a three year period. This plan was put in place in anticipation of the full use of the Company's existing $200 million stock repurchase program which was approved by the Board in October 2011.

The Company intends, from time to time, as business conditions warrant, to purchase stock in the open market or through private transactions. Purchases may be increased, decreased or discontinued at any time without prior notice. The plan does not obligate the company to repurchase any specific number of shares and may be suspended at any time at management's discretion.

www.iconixbrand.com

Source: Iconix

Author: The Editors

Tags: Business Updates, Iconix Brand, OP

Industry: Surfersvillage