Regal announces $50 million share repurchase plan

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Regal Entertainment Group announced that its board of directors has authorized the company to repurchase up to $50 million in shares of the circuit’s Class A common stock, $.001 par value per share.

 

“We believe our growth prospects and long-term strategy are not reflected by the company’s recent share performance. We are pleased that our significant free cash flow enables us to institute a share repurchase program while continuing to reinvest in our asset base,” stated Amy Miles, CEO of Regal Entertainment Group.