Camping World Holdings, Inc. Announces Expanded Share Repurchase Program – Business Wire | Gmx Pharm

LINCOLNSHIRE, IL–(BUSINESS WIRE)–Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”, “Company”, “we”, “us” or “our”) announced today that its board of directors has approved an increase in its share repurchase program , after which $200,000,000 will remain available to repurchase Class A common shares of the Company.

The Board of Directors has authorized an increase to the Company’s $225,000,000 stock repurchase program originally authorized on October 30, 2020 to allow for the repurchase of an additional $152,708,900 of its Class A common stock effective immediately, increasing approximately $200,000 $,000 remains for buybacks. The Board of Directors has also extended the expiration of the buyback authorization until December 31, 2025.

Repurchases under the Program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases being determined at the Company’s discretion and based on market conditions and Company needs. Open market repurchases will be structured to comply with applicable federal securities laws, including the pricing and volume requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Company may also enter into Rule 10b5-1 plans from time to time to facilitate the repurchase of its shares under this authorization. This program does not require the Company to purchase any specific quantity of Class A common stock and the program may be extended, modified, suspended or discontinued at any time at the discretion of the Board of Directors. The Company expects to use cash to fund the buybacks.

About Camping World Holdings, Inc.

Headquartered in Lincolnshire, IL, Camping World Holdings, Inc. is (together with its subsidiaries) America’s largest retailer of RV and related products and services. Our vision is to build a long-term legacy business that makes RV travel fun and easy, and our Camping World and Good Sam brands have been serving RV customers since 1966. We strive to create long-term value for our customers, employees and shareholders create by combining a unique and comprehensive range of RV products and services with a national network of RV dealers, service centers and customer service centers together with the industry’s most extensive online presence and a highly qualified and knowledgeable team of employees delivering the RV lifestyle to our customers , and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enable us to connect with our customers as stewards of the RV enthusiast community and lifestyle. With over 185 locations in 40 states, Camping World and sister brand Gander RV & Outdoors have become premier RV destinations.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not historical facts should be considered forward-looking statements, including but not limited to: statements regarding the amount and the timing of any buybacks. These forward-looking statements are based on management’s current expectations.

These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed by the forward-looking statements or implied, statements including, but not limited to, market conditions for our Class A common stock and a decision by the Company to purchase less than the authorized amount of its shares.

These and other important factors are discussed under the heading “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission or SEC and in our other filings with the SEC reports discussed could cause actual results to differ materially from the forward-looking statements contained in this press release. Such forward-looking statements represent management’s estimates as of the date of this press release. Although we may elect to update any such forward-looking statements at any time in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change, unless required by applicable law. These forward-looking statements should not be construed as representing our views at any time after the date of this press release.

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