Tanger Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Share Repurchase Program

Share Repurchase Program

6 Months Ended

Jun. 30, 2018

In May 2017, we announced that our Board of Directors authorized the repurchase of up to $125.0 million of our outstanding common shares as market conditions warrant over a period commencing on May 19, 2017 and expiring on May 18, 2019. Repurchases may be made from time to time through open market, privately-negotiated, structured or derivative transactions (including accelerated share repurchase transactions), or other methods of acquiring shares. The Company intends to structure open market purchases to occur within pricing and volume requirements of Rule 10b-18. The Company may, from time to time, enter into Rule 10b5-1 plans to facilitate the repurchase of its shares under this authorization.

Shares repurchased for the three and six months ended June 30, 2018 are as follows:



	Three months ended June 30,		Six months ended June 30,
	2018		2018
Total number of shares purchased	475,549		919,249
Average price paid per share	$	21.01	$	21.74
Total price paid exclusive of commissions and related fees (in thousands)	$	9,990	$	19,980

The remaining amount authorized to be repurchased under the program as of June 30, 2018 was approximately $55.7 million.