Travelzoo Announces Share Repurchase Program

Rhea-AI Summary

Travelzoo announces authorization to repurchase up to 1,000,000 shares of its common stock.

Positive

• Travelzoo board authorizes repurchase of up to 1,000,000 shares of common stock.

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• None.

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Travelzoo^® (NASDAQ: TZOO), a global Internet media company that provides exclusive offers and experiences for members, today announced that its board of directors has authorized the repurchase of up to 1,000,000 shares of the Company's outstanding common stock.

Purchases may be made, from time to time, in the open market and will be funded from available cash. The number of shares to be purchased and the timing of purchases will be based on the level of Travelzoo's cash balances, general business and market conditions, and other factors, including alternative investment opportunities.

About Travelzoo

Travelzoo^® provides its 30 million members with exclusive offers and one-of-a-kind experiences personally reviewed by our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. We work in partnership with more than 5,000 top travel suppliers—our long-standing relationships give Travelzoo members access to irresistible deals.

Travelzoo, Top 20, and Jack's Flight Club are registered trademarks of Travelzoo.

Investor Relations: 
ir@travelzoo.com  

 

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SOURCE Travelzoo

FAQ

What did Travelzoo announce?

Travelzoo announced the authorization to repurchase up to 1,000,000 shares of its common stock.

How will the repurchases be funded?

The repurchases will be funded from available cash.

What factors will determine the number and timing of the purchases?

The number of shares to be purchased and the timing of purchases will be based on the level of Travelzoo's cash balances, general business and market conditions, and other factors, including alternative investment opportunities.