DALLAS--(BUSINESS WIRE)--
Westwood Holdings Group, Inc. (NYSE: WHG) today announced that its Board
of Directors has authorized a share repurchase of up to $10 million of
its outstanding common stock. The repurchases will occur at such times
and at such prices as the management of the Company determines and may
be effected through transactions in the open market or privately
negotiated transactions. The Company had approximately 7.8 million
shares of common stock outstanding as of August 5, 2011.
About Westwood
Westwood Holdings Group, Inc. manages investment assets and provides
services for its clients through two subsidiaries, Westwood Management
Corp. and Westwood Trust. Westwood Management Corp. is a registered
investment advisor and provides investment advisory services to
corporate pension funds, public retirement plans, endowments,
foundations, the WHG Funds, other mutual funds, individuals and clients
of Westwood Trust. Westwood Trust provides trust services and
participation in common trust funds that it sponsors to institutions and
high net worth individuals. Westwood Holdings Group, Inc. trades on the
New York Stock Exchange under the symbol "WHG."
For more information on Westwood, please visit www.westwoodgroup.com.
For more information on the WHG Funds, please visit www.whgfunds.com.
Note on Forward-looking Statements
Statements in this press release that are not purely historical facts,
including statements about our intention to repurchase shares of our
common stock from time to time, constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Actual results and the timing of events could differ materially
from those contemplated by the forward-looking statements due to a
number of factors, including, without limitation, the market price of
the our stock prevailing from time to time and the other risks detailed
from time to time in Westwood's SEC filings, including but not limited
to, its annual report on Form 10-K for the year ended December 31, 2010
and its quarterly reports on Form 10-Q for the quarters ended March 31
and June 30, 2011. You are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of
this press release. Except as required by law, Westwood is not obligated
to publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this press release or
to reflect the occurrence of unanticipated events.
(WHG-G)
Westwood Holdings Group, Inc.
Bill Hardcastle, 214-756-6900
Source: Westwood Holdings Group, Inc.
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