Smith & Wesson Board of Directors Authorizes $30 Million Stock Repurchase Plan

Smith & Wesson Board of Directors Authorizes $30 Million Stock Repurchase Plan

PR Newswire

SPRINGFIELD, Mass., March 28, 2014

SPRINGFIELD, Mass., March 28, 2014 /PRNewswire/ -- Smith & Wesson Holding
Corporation (NASDAQ Global Select Market: SWHC), a leader in firearm
manufacturing and design, today announced that its Board of Directors has
authorized the repurchase of $30 million of the company's common stock in open
market or privately negotiated transactions, commencing no sooner than May 1,
2014, which is the first day of the company's fiscal 2015.

Between December 2012 and January 2014 the company repurchased $135 million of
its common stock at an average purchase price of $11.01.

The amount and timing of any open market repurchases or privately negotiated
transactions will depend on a number of factors, including price, trading
volume, general market conditions, legal requirements, and other factors. Any
shares of common stock repurchased under the authorization will be held as
treasury stock but not outstanding shares of the company's common stock.

About Smith & Wesson
Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC) is a
U.S.-based leader in firearm manufacturing and design, delivering a broad
portfolio of quality firearms, related products, and training to the global
military, law enforcement, and consumer markets. The company's brands include
Smith & Wesson®, M&P® and Thompson/Center Arms™. Smith & Wesson facilities are
located in Massachusetts and Maine. For more information on Smith & Wesson,
log on to www.smith-wesson.com.

Safe Harbor Statement
Certain statements contained in this press release may be deemed to be
forward-looking statements under federal securities laws, and we intend that
such forward-looking statements be subject to the safe-harbor created
thereby. Such forward-looking statements include the company's belief that
the amount and timing of any open market repurchases or privately negotiated
transactions will depend on a number of factors, including price, trading
volume, general market conditions, legal requirements, and other factors. We
caution that these statements are qualified by important factors that could
cause actual results to differ materially from those reflected by such
forward-looking statements. Additional information about the risk factors to
which we are exposed and other factors that may adversely affect these
forward-looking statements is contained in our reports and filings with the
Securities and Exchange Commission, including our Annual Report on Form 10-K
for the fiscal year ended April 30, 2013. Investors should not place undue
reliance on forward-looking statements as predictions of future results. The
company undertakes no obligation to update or revise any forward-looking
statements to reflect developments or information obtained after the date of
this press release except as otherwise required by law.

Contact: Liz Sharp, VP Investor Relations
Smith & Wesson Holding Corporation
(413) 747-3304
lsharp@smith-wesson.com

SOURCE Smith & Wesson Holding Corporation

Website: http://www.smith-wesson.com
 
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