BRIEF-Gildan Activewear Announces Increase Of Normal Course Issuer Bid

Reuters05-30

May 29 (Reuters) - Gildan Activewear Inc :

* GILDAN ACTIVEWEAR ANNOUNCES INCREASE OF NORMAL COURSE ISSUER BID

* HAS NOW APPROVED RESUMPTION OF SHARE REPURCHASES AND AN AMENDED NORMAL COURSE ISSUER BID (NCIB)

* GILDAN ACTIVEWEAR - COMMITTED TO RETURNING CAPITAL TO SHAREHOLDERS VIA SHARE BUYBACKS AND DIVIDENDS AS A KEY ELEMENT OF ITS CAPITAL ALLOCATION PROGRAM

* GILDAN - PRICE TO BE PAID BY GILDAN FOR ANY COMMON SHARES WILL BE MARKET PRICE AT TIME OF ACQUISITION

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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