Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, announced today that its Board of Directors has authorised a new share repurchase program of up to $30 million of its common stock. No amounts remain available under the prior authorisations. The share repurchase program will be funded from existing cash on hand and cash generated from operations. No date was established for the completion of the share repurchase program.
Repurchases will be made in accordance with applicable securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The company has no obligation to repurchase shares under the authorisation, and the timing, actual number and value of the shares which are repurchased will be at the discretion of management. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice.