MONTVALE, N.J., Feb. 2, 2015 /PRNewswire/ -- AEP Industries Inc.
(NASDAQ: AEPI), a manufacturer, marketer and distributor of an
extensive range of flexible plastic packaging films for the
food/beverage, industrial and agricultural markets, today announced
that it will be added to the NASDAQ US Buyback Achievers™ Index as
of the beginning of trading today.
"We are very pleased to be included in the NASDAQ US Buyback
Achievers™ Index," said Brendan
Barba, Chairman, President and Chief Executive Officer of
the Company. "The addition of AEP to the Index will increase our
visibility among investors and provide an opportunity to broaden
our shareholder base."
The NASDAQ US Buyback Achievers™ Index is comprised of
United States (US) securities
issued by corporations that have effected a net reduction in shares
outstanding of 5% or more in the trailing 12 months.
A factsheet of the methodology of the NASDAQ US Buyback
Achievers™ Index can be found by clicking
https://indexes.nasdaqomx.com/docs/Methodology_DRB.pdf.
AEP Industries Inc. manufactures, markets, and distributes an
extensive range of flexible plastic packaging films for the
food/beverage, industrial and agricultural markets. The
Company has operations throughout North
America.
Except for historical information contained herein,
statements in this release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties which
may cause the Company's actual results in future periods to differ
materially from forecasted results. Those risks include, but are
not limited to, the ability to pass raw material price increases to
customers in full or in a timely fashion, the ability to implement
non-resin price increases with customers, the availability of raw
materials, competition in existing and future markets, disruptions
in the global economic and financial market environment and limited
contractual relationships with customers. Those and other risks are
described in the Company's annual report on Form 10-K for the year
ended October 31, 2014 and subsequent
reports filed with the Securities and Exchange Commission (SEC),
copies of which are available from the SEC or may be obtained from
the Company. Except as required by law, the Company assumes no
obligation to update the forward-looking statements, which are made
as of the date hereof, even if new information becomes available in
the future.
Contact:
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Paul M.
Feeney
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Executive Vice
President, Finance
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and Chief Financial
Officer
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AEP Industries
Inc.
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(201)
807-2330
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feeneyp@aepinc.com
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SOURCE AEP Industries Inc.