Genlyte Group Incorporated Plans Repurchase of Outstanding Shares

Apr 25, 2001, 01:00 ET from The Genlyte Group Inc.

    LOUISVILLE, Ky., April 25 /PRNewswire/ --
     The Genlyte Group Incorporated (Nasdaq:   GLYT) today announced that it
 plans to repurchase up to 5% or approximately 670,000 shares of its
 outstanding Common Stock over the next twelve months.  The repurchase will
 take place from time to time, depending on market conditions and other
 factors, in the open market or through privately negotiated transactions at
 the prevailing market prices.  During the previous one-year share repurchase
 program, which expired on February 22, 2001, the Company had repurchased
 560,800 shares at an average price of $21.99 and a cumulative cost of
 $12.3 million.  As of March 31, 2001, the Company had 13,312,265 common shares
 outstanding.  Shares purchased will be held in the corporate treasury and will
 be used for general corporate purposes.
     Genlyte Thomas Group LLC (GTG) is one of North America's leading
 manufacturers of lighting fixtures and controls for commercial, industrial and
 residential markets.  Headquartered in Louisville, Kentucky, GTG is owned
 jointly by The Genlyte Group Incorporated (68%) and Thomas Industries Inc.
 (TII, 32%).  GTG products are sold under the brand names of Bronzelite, Capri,
 Chloride Systems, Crescent, Day-Brite, Electro/Connect, Emco, ExceLine, Fibre
 Light, Forecast, Gardco, Hadco, Ledalite, LightGuard, Lightolier, Lightolier
 Controls, Lumec, Lumec-Schreder, Matrix, mcPhilben, Omega, Starlight, Stonco,
 Thomas, Translite Sonoma, Wide-Lite and ZED in the United States and Canada,
 and under the additional Canadian brands of C&M, CFI Fluorescent, Horizon,
 Keene-Widelite, Lite Energy, and Uniglo.  Both Genlyte and Thomas continue to
 exist as separate publicly traded companies.  The Genlyte Group Inc. is traded
 on the NASDAQ (symbol: GLYT).
     For additional information about Genlyte please refer to the Company's web
 site at: http://www.genlyte.com.
 
     For more information contact:
     William G. Ferko, Chief Financial Officer
     (502) 893-4640
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X58647356
 
 

SOURCE The Genlyte Group Inc.
    LOUISVILLE, Ky., April 25 /PRNewswire/ --
     The Genlyte Group Incorporated (Nasdaq:   GLYT) today announced that it
 plans to repurchase up to 5% or approximately 670,000 shares of its
 outstanding Common Stock over the next twelve months.  The repurchase will
 take place from time to time, depending on market conditions and other
 factors, in the open market or through privately negotiated transactions at
 the prevailing market prices.  During the previous one-year share repurchase
 program, which expired on February 22, 2001, the Company had repurchased
 560,800 shares at an average price of $21.99 and a cumulative cost of
 $12.3 million.  As of March 31, 2001, the Company had 13,312,265 common shares
 outstanding.  Shares purchased will be held in the corporate treasury and will
 be used for general corporate purposes.
     Genlyte Thomas Group LLC (GTG) is one of North America's leading
 manufacturers of lighting fixtures and controls for commercial, industrial and
 residential markets.  Headquartered in Louisville, Kentucky, GTG is owned
 jointly by The Genlyte Group Incorporated (68%) and Thomas Industries Inc.
 (TII, 32%).  GTG products are sold under the brand names of Bronzelite, Capri,
 Chloride Systems, Crescent, Day-Brite, Electro/Connect, Emco, ExceLine, Fibre
 Light, Forecast, Gardco, Hadco, Ledalite, LightGuard, Lightolier, Lightolier
 Controls, Lumec, Lumec-Schreder, Matrix, mcPhilben, Omega, Starlight, Stonco,
 Thomas, Translite Sonoma, Wide-Lite and ZED in the United States and Canada,
 and under the additional Canadian brands of C&M, CFI Fluorescent, Horizon,
 Keene-Widelite, Lite Energy, and Uniglo.  Both Genlyte and Thomas continue to
 exist as separate publicly traded companies.  The Genlyte Group Inc. is traded
 on the NASDAQ (symbol: GLYT).
     For additional information about Genlyte please refer to the Company's web
 site at: http://www.genlyte.com.
 
     For more information contact:
     William G. Ferko, Chief Financial Officer
     (502) 893-4640
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X58647356
 
 SOURCE  The Genlyte Group Inc.

RELATED LINKS

http://www.thomasind.com