Does Imation have a Stock Repurchase Program? How many shares have been repurchased and how many shares remain under the share repurchase authorization?
Yes, Imation has a Stock Repurchase Program. A summary of the repurchase activity and remaining share authorization are provided in Imation’s quarterly filings with the SEC. The original authorization was for the repurchase of ten million shares on the open market and in block transactions. On August 4, 2004, the Company’s Board of Directors increased the remaining authorization as of June 30, 2004, to a total of six million shares. As of Dece,ber 31, 2005, the Company had repurchased 10.5 million shares and has 3.7 million shares remaining under the authorization.
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