Monotype Announces $25 Million Stock Repurchase Program
Purchases may be made in the open market, structured repurchase programs, or in privately negotiated transactions, subject to availability. The share repurchase program does not obligate Monotype to acquire any particular amount of common stock, and the program may be suspended or discontinued at any time.
“Our executive team and board of directors are confident in Monotype’s long-term strategy and growth potential, and we believe this stock repurchase program reinforces our commitment to delivering both short- and long-term shareholder value,”said
Scott Landers, president and CEO of Monotype. “We don’t believe our current stock price reflects the value of our business today and feel the combination of our financial position, market expertise and strategic investments will allow us to create greater shareholder value in the quarters ahead.”
This press release may contain forward-looking statements, including those related to the authorized share repurchase program, that involve risks and uncertainties that could cause the company’s actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: risks associated with changes in the economic climate and other risks associated with the company’s ability to implement the share repurchase program. Additional disclosure regarding risks faced by the company is available in the company’s public filings with the
Monotype is a leader in empowering expression and engagement through a combination of type, technology and expertise. Headquartered in