Cintas Corporation (CTAS) Adds to Buyback Plan

Cintas Corporation(Nasdaq: CTAS) announced that the Board of Directors approved an additional share repurchase program under which the Company may repurchase up to $500 million of Cintas common stock at market prices. The number of shares to be repurchased and the timing of the purchases will be determined at the discretion of the Board, and repurchases may be discontinued at any time.

As of January 13, 2015, the Company has $237.5 million available under its existing share buyback program that was authorized in July 2013. Since the Board authorized that $500 million program, the Company has purchased 4.3 million shares of Cintas stock at an average price of $60.87 for a total of $262.5 million. This program does not have an expiration date and will continue to be executed at the discretion of the Board. Collectively, as of January 13, 2015, Cintas has $737.5 million available under the programs.

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