Apple Hospitality REIT (APLE) Reports Implementation of Share Repurchase Program
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Apple Hospitality REIT, Inc. Announces Implementation of Share Repurchase Program
July 8, 2015 8:43 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (Apple Hospitality or the Company) today announced that the Company has established a written trading Plan (Plan) authorizing the repurchase of its common shares in open market transactions. This Plan was established as part of the implementation of the Companys previously announced $500 million share repurchase program. The Plan is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, which will allow the Company, through a designated broker, to repurchase shares at times, beginning on July 8, 2015, when it might... More
