May 29, 2012. /Lesprom Network/. Glatfelter announced that its Board of Directors has authorized a share repurchase program for up to $25 million of its outstanding common stock. Purchases by the company will be made from time to time in accordance with applicable securities regulations. The timing and actual number of shares repurchased, if any, will depend on a variety of factors including the market price of the company’s common stock, regulatory, legal and contractual requirements, and other market factors. The program, which does not obligate the company to repurchase any particular amount of common stock, may be modified or suspended at any time at the Board’s discretion. “While we will continue to invest selectively in growth initiatives and attractive acquisitions, this action by the Board provides the financial flexibility necessary to seek value creation from additional share repurchases and demonstrates continued confidence in Glatfelter’s strategic direction and our ability to generate consistently strong free cash flow,” said Dante C. Parrini, Chairman and CEO. Glatfelter is a global manufacturer of specialty papers and fiber-based engineered materials, offering over a century of experience, technical expertise and world-class service. U.S. operations include facilities in Spring Grove, PA and Chillicothe and Fremont, OH. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, a representative office in China and a sales and distribution office in Russia.