LeMaitre Vascular, Inc. Doubles Its Stock Repurchase Program From $5mm to $10mm

BURLINGTON, Mass., Nov. 9, 2011 (GLOBE NEWSWIRE) -- LeMaitre Vascular, Inc. (Nasdaq:LMAT), a provider of peripheral vascular devices and implants, today announced that its Board of Directors has doubled its stock repurchase authorization to an aggregate of $10mm of its Common Stock, to be purchased from time to time in the open market or in privately negotiated transactions. Since the program began in August 2009, $4.2mm of shares have been repurchased. Repurchases may be made under a Rule 10b5-1 plan, which permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The authority for the repurchase program has been extended for two years until December 31, 2013, unless earlier suspended or discontinued or unless further extended by the Company’s Board of Directors. The program is funded by the Company’s cash and cash equivalents.

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