Matson adds 3M shares (~8% of outstanding) to existing share repurchase program

Matson, Inc.

Board approved adding 3M shares to existing 6M program; total authorized becomes 9M shares.
As of Aug 22, 2022, ~0.5M shares remained under the prior repurchase authorization.
Since program began Aug 2021, Matson repurchased ~5.5M shares for ~$465M.
Repurchases will occur in open market at company discretion; may use Rule 10b5-1 plans.
CEO states commitment to returning excess cash to shareholders to create long-term value.

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