Ark Restaurants Corp. Board of Directors Approves Additional Share Repurchases.NEW YORK--(BUSINESS WIRE)--April 19, 1999-- Ark Restaurants Corp. today announced that its board of directors has approved the repurchase of up to an additional 300,000 shares of its common stock in the open market from time to time. In July 1998, the board had approved the purchase of up to 500,000 shares and, pursuant to that authority, the company has purchased 490,500 shares of its common stock, including 109,300 shares acquired in the second fiscal quarter ended April 3, 1999 and 165,000 shares acquired since the end of the second fiscal quarter. The timing of the purchases and the actual number of shares to be purchased will depend upon market conditions. Ark has approximately 3,352,000 shares of common stock outstanding. Ark Restaurants owns and operates 24 restaurants and manages 5 restaurants of which 15 are in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; 4 in Washington, D.C.; 4 in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada; 3 in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New ; and one each in Rhinebeck, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ; McLean, Virginia McLean is an unincorporated community located in Fairfax County in Northern Virginia. A small geographic area along Chain Bridge Road in Arlington County has a 22101 zip code and is also part of McLean. ; and Islamorada, Florida. Along with the three restaurants within the New York-New York Hotel & Casino Resort in Las Vegas, Nevada, the company also operates the Resort's room service, banquet facilities, employee dining room and a complex of nine smaller cafes and food operations. The company's other operations include catering businesses in New York City and Washington, D.C., wholesale and retail bakeries in New York City, a cafe at the Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . store in New York City and corporate dining facilities in an office building in Jersey City, New Jersey. |
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