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Travelzoo Announces Share Repurchase Program

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Travelzoo announces share repurchase program
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  • Travelzoo's board of directors has authorized the repurchase of up to 1,000,000 shares of the Company's outstanding common stock. Purchases will be made in the open market and funded from available cash.
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  • None.

NEW YORK, July 26, 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  

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/travelzoo-announces-share-repurchase-program-301886622.html

SOURCE Travelzoo

FAQ

What did Travelzoo announce?

Travelzoo announced a share repurchase program.

How many shares will be repurchased?

Up to 1,000,000 shares of the Company's outstanding common stock will be repurchased.

How will the repurchases be funded?

The repurchases will be funded from available cash.

Where can I find more information about Travelzoo?

You can find more information about Travelzoo on their website or by contacting their Investor Relations department at ir@travelzoo.com.

Travelzoo

NASDAQ:TZOO

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