NEW YORK, March 8, 2012 /PRNewswire/ -- Dice Holdings, Inc. (NYSE: DHX) today announced that its Board of Directors has authorized the purchase of up to $65 million of its common stock. The new authorization is effective upon the completion of the existing $30 million program and will be in effect for one year. Under the plan, management has discretion in determining the conditions under which shares may be purchased from time to time.
In August 2011, the Board of Directors authorized the purchase of up to $30 million of its common stock. Under this plan, the Company has repurchased 3.4 million shares of its common stock on the open market at an average cost of $8.64 per share, for approximately $29.4 million through March 7, 2012.
Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Depending on acquisition opportunities, market conditions and other factors, these repurchases may commence or cease from time to time without prior notice.
About Dice Holdings, Inc.
Dice Holdings, Inc. (NYSE: DHX) is a leading provider of specialized career websites for professional communities, including technology and engineering, financial services, energy, healthcare, and security clearance. Our mission is to help our customers source and hire the most qualified professionals in select and highly skilled occupations, and to help those professionals find the best job opportunities in their respective fields and further their careers. For more than 21 years, we have built our company by providing our customers with quick and easy access to high-quality, unique professional communities and offering those communities access to highly relevant career opportunities and information. Today, we serve multiple markets primarily in North America, Europe, the Middle East, Asia and Australia.
Investor & Media Contact:
Dice Holdings, Inc.
Jennifer Bewley, 212-448-4181
VP, Investor Relations & Corporate Communications
Web site: http://www.diceholdingsinc.com
SOURCE Dice Holdings, Inc.