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Electronics Production | August 25, 2011

Jabil completes stock repurchase

EMS-provider Jabil Circuit has completed the USD 200 million repurchase of its common stock.
Jabil announced the repurchase program on June 21, 2011. Under the completed repurchase program, a total of 11,520,137 shares of common stock were repurchased at a weighted average cost of $17.36 per share and an aggregate cost of $200 million.

"We are pleased to have completed the entire repurchase program during our fourth fiscal quarter of 2011. We expect cash flow will continue to support investment in the business along with return of capital to shareholders through dividends and periodic share repurchases," said Forbes Alexander, Chief Financial Officer.

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