Xcerra (XCRA) Approves $30M Common Stock Buyback

Xcerra (NASDAQ: XCRA) announced that its Board of Directors has authorized the repurchase of up to $30 million of the Company's common stock from time to time on the open market or in privately negotiated transactions pursuant to a newly authorized stock repurchase plan (the "2015 Repurchase Plan"). The 2015 Repurchase Plan replaces and supersedes in its entirety the stock repurchase plan approved by the Board of Directors in September 2011, which had approximately $6 million remaining in the plan.

The timing and amount of any shares repurchased under the 2015 Repurchase Plan will be determined by the company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The 2015 Repurchase Plan may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with its stock plans and for other corporate purposes.

The 2015 Repurchase Plan will be funded using the company's working capital. Xcerra Corporation had approximately 55 million shares of common stock outstanding as of July 31, 2015.

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