Sohu Repurchases 6% Of Outstanding Shares

February 22, 2005 | Print | Email Email | Comments | Category: Internet



    Sohu.com (SOHU) today announced it has repurchased 885,605 shares of common stock between February 10 and February 17, 2005.

    "Through three stock buybacks in the past ten months we have repurchased 2,246,105 shares, or 6% of total shares outstanding. We believe the buy-back is an attractive investment for the company and sends a positive message to our shareholders," said Charles Zhang, Chairman and CEO of Sohu.

    Sohu reports that in the period from February 10 to February 17, 2005, it purchased 885,605 shares at an average price per share of US$15.66, for total consideration of US$13,873,000 including a brokerage commission of US$0.03 per share.

    This completes the current stock repurchase program approved by the Board of Directors on April 26, 2004, and extended on October 27, 2004. In November 2004 the company purchased 360,500 shares for total consideration of US$6,125,000. Earlier, in May 2004, the company purchased 1,000,000 shares for total consideration of US$17,752,000.

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