Energizer Holdings (ENR) Approves 10M Common Stock Buyback

Energizer Holdings (NYSE: ENR) announced that its Board of Directors has approved a new authorization for the Company to acquire up to 10 million shares of its $.01 par value common stock. This authorization replaces a similar authorization to acquire up to 10 million shares, which was approved by the Board in April 2012, and under which approximately 5 million shares of common stock have been repurchased. This authorization will carry over to Edgewell Personal Care Company after the expected July 1, 2015 spin off of the Household Division.

The executive leadership team of Edgewell Personal Care made the announcement at its Investor kickoff meeting in New York today, where it also presented its long-term financial objectives and its capital allocation plans to investors.

David Hatfield, future Chief Executive Officer of Edgewell Personal Care, said, "Our Board's decision to authorize this substantial share repurchase underscores our commitment to enhancing value for our shareholders, and we are excited to announce that this commitment will extend to Edgewell Personal Care after the completion of the spin-off."

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