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Taro Announces Completion of $250 Million Share Repurchase Program

January 15, 2019

HAWTHORNE, N.Y.--(BUSINESS WIRE)--Jan 15, 2019--Taro Pharmaceutical Industries Ltd. (NYSE: TARO) announced today that it has completed its $250 million share repurchase program. The company bought back 2,493,378 of its ordinary shares in open market transactions at an average price of $100.28 per share. The repurchase program was announced by the company on November 23, 2016, and was completed on January 11, 2019.

About Taro

Taro Pharmaceutical Industries Ltd. is a multinational, science-based pharmaceutical company, dedicated to meeting the needs of its customers through the discovery, development, manufacturing and marketing of the highest quality healthcare products. For further information on Taro Pharmaceutical Industries Ltd., please visit the Company’s website at www.taro.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190115005928/en/

CONTACT: Mariano A. Balaguer

VP, CFO

(914) 345-9001

Mariano.Balaguer@taro.com

William J. Coote

AVP, Business Finance, Treasurer and Investor Relations

(914) 345-9001

William.Coote@taro.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Taro Pharmaceutical Industries Ltd.

Copyright Business Wire 2019.

PUB: 01/15/2019 05:00 PM/DISC: 01/15/2019 05:01 PM

http://www.businesswire.com/news/home/20190115005928/en

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