ePlus Announces Up to 750K Share Buyback

ePlus PLUS today announced that its board of directors has authorized the Company to repurchase up to 750,000 shares of ePlus' outstanding common stock over a 12-month period commencing on November 14, 2013. The Company's most recent repurchase plan expired on September 15, 2013. ePlus had approximately 8.2 million shares of common stock outstanding as of October 31, 2013. The purchases may be made from time to time in the open market, or in privately negotiated transactions, subject to availability. Any repurchased shares will have the status of treasury shares and may be used, if and when needed, for general corporate purposes. ePlus has no obligation to repurchase shares under the authorization, and the timing, actual number and value of the shares which are repurchased will be at the discretion of management and will depend on a number of factors, including the price of the Company's common stock. The Company may suspend or discontinue repurchases at any time. About ePlus inc. ePlus is a leading integrator of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, managed and professional services, See full press release