Capella Education Company Announces Increase to Share Repurchase Program

Capella Education Company

today announced that its Board of Directors has approved a $50 million increase to its share repurchase program. This increase is in addition to the $35 million that was remaining under the program as of Sept. 30, 2011. The share repurchases will be made in the open market at prevailing market prices or in privately negotiated transactions using existing resources and cash generated from operations. The Company may also repurchase shares pursuant to a 10b5-1 plan which allows the Company to purchase shares during corporate black-out periods. While the company expects to take advantage of market conditions, the timing and extent of any repurchases, the trading price of the Company's shares and other factors are subject to restrictions relating to volume, price and timing under applicable law. The repurchase program may be modified, suspended or terminated at any time by the Company without notice.