Benzinga | Sep 10, 2021 09:12AM EDT

Helen Of Troy Plans $500M Share Buyback

* Helen of Troy Ltd (NASDAQ:HELE) Board of Directors has authorized the repurchase of $500 million of its outstanding common shares.

* The buyback scheme is effective August 25, 2021, for a period of three years and replaces existing repurchase authorization in which $79.5 million remained available.

* The new authorization represents ~9% of the company's outstanding common stock, based upon its closing price on August 25, 2021.

* Helen of Troy had ~24.1 million shares outstanding as of August 25, 2021.

* Price Action: HELE shares traded higher by 1.24% at $233.64 in premarket on the last check Friday.