Lamar Advertising Extends Share Buyback Program

Dow Jones09-26

By Connor Hart

Lamar Advertising's approved an extension of the company's existing share buyback program.

Originally set to expire on Sept. 30, the program has been extended through March 31, 2026.

The Baton Rouge, La., advertising firm's current program allows for the repurchase of up to $250 million of its Class A common stock. It also includes a debt repurchase program, which allows its wholly-owned subsidiary Lamar Media to buy back up to $250 million of its outstanding senior notes.

Repurchases may be made on the open market or in privately negotiated transactions, and the repurchase programs may be further extended, suspended or discontinued at any time, the company said.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

September 25, 2024 19:14 ET (23:14 GMT)

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