Flexsteel buys 765,000 shares via block trade at $18.71; $15.7M authorization left

FLEXSTEEL INDUSTRIES INC

Purchased 765,000 shares at $18.71 per share on March 15, 2022 via block trade.
Total cost ~$14.3M; funded by cash and borrowings under existing line of credit.
Remaining repurchase authorization of ~$15.7M from original $30M program.
Post-purchase estimated basic shares outstanding of approximately 5.67 million.
Expects line of credit borrowings to decrease in quarter ending March 31, 2022 vs prior quarter.

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