GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--
Century Communities, Inc. (NYSE:CCS) (the “Company”) announced today
that its Board of Directors has authorized a stock repurchase program
under which the Company may repurchase of up to 2,000,000 shares of its
outstanding common stock, $0.01 par value per share.
The shares may be repurchased from time to time in open market
transactions at prevailing market prices, or by other means in
accordance with federal securities laws. The actual manner, timing,
amount and value of share repurchases under the stock repurchase program
will be determined by management at its discretion and will depend on a
number of factors, including the market price of the Company’s common
stock and general market and economic conditions. There is no guarantee
as to the number of shares that will be repurchased, and the stock
repurchase program may be extended, suspended or discontinued at any
time without notice at the Company’s discretion. As of November 5, 2014,
the Company had approximately 21.5 million shares of common stock
outstanding.
About Century Communities:
Founded in 2002, Colorado-based Century Communities is a builder of
single-family homes, townhomes and flats in select major metropolitan
markets in Colorado, Texas, and Nevada. The Company offers a wide
variety of product lines and is engaged in all aspects of homebuilding,
including the acquisition, entitlement and development of land and the
construction, marketing and sale of homes. Century Communities is a top
50 homebuilder in the United States and is one of the top five fastest
growing homebuilders by total revenue. To learn more about Century
Communities please visit www.centurycommunities.com.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking
statements may be identified by the use of words such as “anticipate,”
“believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Forward-looking
statements should not be read as a guarantee of future performance or
results, and will not necessarily be accurate indications of the times
at, or by, which such performance or results will be achieved.
Forward-looking statements are based on historical information available
at the time the statements are made and are based on management’s
reasonable belief or expectations with respect to future events, and are
subject to risks and uncertainties, many of which are beyond the
Company’s control, that could cause actual performance or results to
differ materially from the belief or expectations expressed in or
suggested by the forward-looking statements. Forward-looking statements
speak only as of the date on which they are made and the Company
undertakes no obligation to update any forward-looking statement to
reflect future events, developments or otherwise, except as may be
required by applicable law. Investors are referred to the Company’s
registration statement for additional information regarding the risks
and uncertainties that may cause actual results to differ materially
from those expressed in any forward-looking statement.
Century Communities, Inc.
Investor Relations, 303-268-8398
[email protected]
Source: Century Communities, Inc.