EPlus Announces New 500K Share Repurchase Program

(RTTNews) - ePlus inc. (PLUS) said Monday that its board of directors has authorized the company to repurchase up to 500,000 shares of the company's outstanding common stock over a 12-month period commencing June 164.

The new authorization replaces the company's current repurchase plan which was to expire on November 13, 2014.

The current plan, which commenced November 14, 2013, authorized the repurchase of up to 750,000 shares of ePlus' outstanding common stock. Since commencement of the plan, the company has repurchased 687,488 shares through June 12, 2014.

ePlus had about 7.5 million shares of common stock outstanding as of June 9, 2014.