REX American Resources Authorizes Repurchase of Additional 500,000 Shares
- Repurchased 139,182 Common Shares in Fiscal Second Quarter and Fiscal Third Quarter to Date -
REX American Resources Corporation (NYSE: REX) announced today that its Board of Directors approved a 500,000 share increase in the number of shares in its common stock repurchase plan. When combined with the 23,273 shares remaining from a previous authorization, the Company now has the authority to repurchase up to 523,273 shares of its common stock. During the Company's fiscal second quarter (ended July 31, 2012) and to date in the fiscal third quarter ending October 31, 2012, REX has purchased 139,182 shares (at an average price of approximately $17.96 per share). Reflecting all purchases to date, REX presently has approximately 8,258,098 shares of common stock outstanding.
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