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Non-Tech : Golden State (GSB) formerly Glendale Savings
GSB 9.4800.0%Aug 28 5:00 PM EST
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To: Paul Lee who started this subject11/15/2000 7:43:18 AM
From: Paul Lee   of 75
 
Golden State Bancorp Announces 2001 Annual Meeting of Shareholders and 2001 Securities Repurchase Authorization


SAN FRANCISCO--(BUSINESS WIRE)--Nov. 15, 2000--Golden State Bancorp (NYSE: GSB), the publicly traded parent of California Federal Bank, announced today that its annual meeting of shareholders will be held on Monday, May 21, 2001. The meeting will be held at the Fairmont Hotel in San Francisco, California.

The Golden State Bancorp board of directors also authorized securities repurchases for 2001. The Board resolution authorizes the repurchase of up to $250 million of all securities issued or issuable by the company and any of its subsidiaries. This authorization replaces the 2000 program when that program expires on December 31, 2000.

As part of the 2000 share repurchase program, GSB repurchased 3.9 million shares of issued and outstanding common stock at an average purchase price of $16.27 for a total of $63.5 million. In addition, as previously disclosed, GSB entered into transactions resulting in the extinguishment of $138.3 million of issuable shares for $121 million. The number of diluted shares outstanding was 142.6 million on September 30, 2000.
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