The tile shop announces $30 million share repurchase authorization

Minneapolis, aug. 16, 2022 (globe newswire) -- tile shop holdings, inc. (nasdaq: ttsh) (the “company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the company's board of directors has authorized a share repurchase program pursuant to which the company may purchase shares of its common stock for an aggregate repurchase price not to exceed $30 million. after review and consideration of capital allocation alternatives with its financial advisor, the independent transaction committee of the board has unanimously recommended that the board approve the $30 million share repurchase program, and the members of the board have unanimously approved this recommendation.
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