Neenah Paper Inc., Alpharetta, Ga., USA, this week announced that its board of directors authorized the renewal of the company's annual share repurchase program for up to $25 million of its outstanding common stock over the next 12 months ending May 31, 2018. Purchases by the company under the program would be made from time to time in the open market or in privately negotiated transactions in accordance with the requirements of applicable law. 

The timing and amount of any purchases will depend on share price, market conditions, and other factors. The program does not require the company to purchase any specific number of shares and may be suspended or discontinued at any time. 

Neenah is a global specialty materials company, focused on premium niche markets that value performance and image. Key products and markets include advanced filtration media, specialized performance substrates used for tapes, labels, and other products, and premium printing and packaging papers.