Einstein Noah: Announces Share Repurchase Program

Lakewood / CO. (enr) Einstein Noah Restaurant Group Inc., a leader in the quick-casual segment of the restaurant industry operating under the Einstein Bros. Bagels, Noah´s New York Bagels and Manhattan Bagel brands, announced that its Board of Directors has authorized a 20 million USD share repurchase program. The Company expects to initiate repurchases promptly for up to five million USD of its common stock in the open market or through privately negotiated transactions. The authorization does not obligate the Company to repurchase any particular amount of common stock and it may be suspended or discontinued at any time. The amount and timing of any purchases under the program will depend upon a number of factors, including the price and availability of the Company´s shares, trading volume, and general market conditions. Purchases under the repurchase program will comply with applicable Securities and Exchange Commission rules.

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