Targeted repurchase

LKQ Corporation Announces $1 Billion Increase in Stock Repurchase Program; total authorized now $2 Billion through October 2024

Retrieved on: 
Thursday, July 29, 2021
Stock market, Finance, Money, Financial economics, Corporate finance, Share repurchase, LKQ Corporation, Repurchase agreement, Open market operation, Stock, Targeted repurchase

Since initiating the stock repurchase plan in October 2018, 25.0 million shares have been repurchased for a total consideration of $830 million through June 30, 2021.

Key Points: 
  • Since initiating the stock repurchase plan in October 2018, 25.0 million shares have been repurchased for a total consideration of $830 million through June 30, 2021.
  • Under the repurchase program, the Company is authorized to repurchase shares in the open market as well as in privately negotiated transactions.
  • The repurchase program will be effected in compliance with SEC Rule 10b-18 and other applicable legal requirements.
  • LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

Portman Ridge Finance Corporation Resumes Share Buyback Program

Retrieved on: 
Monday, July 26, 2021
Stock market, Corporate finance, Share repurchase, Buyback, SEC Rule 10b5-1, Repurchase agreement, Stock, Targeted repurchase

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the Company or Portman Ridge) today provided an update on its previously announced share buyback program.

Key Points: 
  • NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the Company or Portman Ridge) today provided an update on its previously announced share buyback program.
  • Following the recent lifting of the suspension on repurchases under the share buyback program due to its merger transaction with Harvest Capital Credit Corporation (HCAP), the Company has been actively repurchasing its shares under the program.
  • Also, as previously announced, the Company entered a Rule 10b5-1 stock trading plan to facilitate the repurchase of up to $2.5 million of its shares under the share repurchase program.
  • Portman Ridge Finance Corporation (NASDAQ: PTMN) is a publicly traded, externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940.

Celanese Corporation Announces New $1.0 Billion Share Repurchase Authorization

Retrieved on: 
Wednesday, July 14, 2021
Chemicals, Plastics, Manufacturing, Share repurchase, Stock market, Celanese, Repurchase agreement, Financial economics, Finance, Market economics), Targeted repurchase

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that its board of directors has approved a new $1.0 billion share repurchase authorization.

Key Points: 
  • Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that its board of directors has approved a new $1.0 billion share repurchase authorization.
  • The new share repurchase authorization represents approximately 6 percent of the companys shares outstanding.
  • In the first half of 2021, the company deployed $500 million to repurchase shares under the previous $1.5 billion share repurchase authorization put in place in 2019 and increased by $500 million in July 2020.
  • As of June 30, 2021, approximately $560 million remained under the existing share repurchase authorization which, combined with this new $1.0 billion authorization, will support future share repurchases.

Adagene Announces Authorization of Share Repurchase Program up to US$20 Million

Retrieved on: 
Wednesday, July 7, 2021
Stock market, Finance, Financial economics, Share repurchase, Equity securities, Money, SEC Rule 10b5-1, American depositary receipt, SEC Rule 10b-5, Repurchase agreement, Corporate finance, Targeted repurchase

We believe this program will ultimately benefit Adagene and create value for its shareholders and investors."

Key Points: 
  • We believe this program will ultimately benefit Adagene and create value for its shareholders and investors."
  • The timing and conditions of the share repurchases will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act.
  • The Companys board of directors will review the share repurchase program periodically and may authorize adjustments to its terms and size or suspend or discontinue the program.
  • The share repurchase program does not obligate Adagene to acquire any particular number of American depositary shares, and the share repurchase program may be modified or suspended at any time at the management's discretion.

Pega Expands Current Share Repurchase Program

Retrieved on: 
Tuesday, June 8, 2021
Stock market, Share repurchase, Corporate finance, Pegasystems, Financial economics, Finance, Market economics), Targeted repurchase

CAMBRIDGE,Mass., June 8, 2021 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the software company that crushes business complexity, today announced that its Board of Directors has authorized an expansion of the Company's current share repurchase program (the "Current Repurchase Program").

Key Points: 
  • CAMBRIDGE,Mass., June 8, 2021 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the software company that crushes business complexity, today announced that its Board of Directors has authorized an expansion of the Company's current share repurchase program (the "Current Repurchase Program").
  • Under this expansion, the expiration date of the Company's current stock repurchase program will be extended from June 30, 2021 to June 30, 2022, and the amount of stock the Company is authorized to repurchase has been increased from approximately $21.7 million, the amount remaining in the current program, to $60 million.
  • Shares that are repurchased under the Current Repurchase Program will be repurchased under the 10b5-1 Plan.
  • This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on the Company's current expectations, including statements regarding the Company's plans and expectations with respect to its current share repurchase program.

First Northern Community Bancorp Announces Stock Repurchase Program

Retrieved on: 
Thursday, June 3, 2021
Banking, Professional services, Finance, Stock market, Financial markets, Finance, Financial economics, Corporate finance, Share repurchase, Equity securities, Bank holding company, Stock, Repurchase agreement, Targeted repurchase

The Board of Directors of First Northern Community Bancorp (FNRN), holding company of First Northern Bank, has announced a stock repurchase program for the Companys outstanding common stock.

Key Points: 
  • The Board of Directors of First Northern Community Bancorp (FNRN), holding company of First Northern Bank, has announced a stock repurchase program for the Companys outstanding common stock.
  • The repurchase program will begin June 15, 2021 and will remain in effect until June 14, 2023.
  • The program allows repurchases in an aggregate amount of no more than 4% of First Northern Community Bancorps 13,680,085 outstanding shares of common stock as of March 31, 2021.
  • Commenting on the stock repurchase program, Louise Walker, President & Chief Executive Officer said, The Bancorps stock repurchase program demonstrates our ongoing commitment to providing fundamental value for our shareholders.

SB Financial Group, Inc. Announces Authorization of Share Repurchase Program of up to 750,000 Common Shares

Retrieved on: 
Thursday, May 27, 2021
Stock market, Financial economics, Corporate finance, Finance, Money, Share repurchase, Treasury stock, Share, Repurchase agreement, Financial market, Targeted repurchase

Pursuant to the share repurchase program, the Company is authorized to purchase up to an aggregate of 750,000 common shares, equal to approximately 10 percent of the common shares of the Company.

Key Points: 
  • Pursuant to the share repurchase program, the Company is authorized to purchase up to an aggregate of 750,000 common shares, equal to approximately 10 percent of the common shares of the Company.
  • The repurchased shares will be held as treasury shares and will be available for general corporate purposes.
  • Under the share repurchase program, SB Financial may purchase shares from time to time through various means, including open market transactions and privately negotiated transactions.
  • SB Financial will repurchase shares at times and at prices considered appropriate by management, although the exact timing of the repurchases and the number of common shares to be purchased will depend on market conditions and other factors.

QCR Holdings, Inc. Announces Resumption of Stock Repurchase Program

Retrieved on: 
Monday, May 24, 2021
Stock market, Financial economics, Finance, Money, Share repurchase, Buyback, Repurchase agreement, Share, Targeted repurchase

In response to the COVID-19 pandemic, the Company suspended share repurchases under the repurchase program on March 16, 2020.

Key Points: 
  • In response to the COVID-19 pandemic, the Company suspended share repurchases under the repurchase program on March 16, 2020.
  • This share repurchase program reflects the Companys commitment to enhancing value for our shareholders, said Larry J. Helling, Chief Executive Officer.
  • We continue to deliver strong financial performance, and reinstating this program gives us the opportunity to buy back shares andbuild long-term value.
  • The repurchase program does not obligate the Company to purchase any particular number of shares.

UB Bancorp Announces Board Approval to Increase Share Repurchase Program

Retrieved on: 
Monday, May 24, 2021
Banking, Professional services, Finance, Stock market, Share repurchase, Finance, Bank holding company, Money, Financial economics, Targeted repurchase

UB Bancorp (OTCQX: UBNC) (the Company), the parent of Union Bank, is pleased to announce that its Board of Directors has authorized increasing the capacity of its share repurchase program.

Key Points: 
  • UB Bancorp (OTCQX: UBNC) (the Company), the parent of Union Bank, is pleased to announce that its Board of Directors has authorized increasing the capacity of its share repurchase program.
  • As the Company approaches successful completion of this initial repurchase program, the Board has allocated an additional $2.0 million for share repurchases.
  • The expiration of this additional share repurchase program is set for March 31, 2022.
  • UB Bancorp will acquire these shares in the open market, making its program available to shareholders on an equitable basis.

Park City Group Expands Share Repurchase Program to $6 Million

Retrieved on: 
Tuesday, May 18, 2021
Supply chain management, Online Retail, Retail, Technology, Software, Stock market, Share repurchase, Repurchase agreement, Rp, Targeted repurchase

To date, the Company has repurchased approximately $3 million on the original $4 million repurchase authorization.\nUnder this new stock repurchase program, Park City may repurchase shares in accordance with all applicable securities laws and regulations.

Key Points: 
  • To date, the Company has repurchased approximately $3 million on the original $4 million repurchase authorization.\nUnder this new stock repurchase program, Park City may repurchase shares in accordance with all applicable securities laws and regulations.
  • Repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions.
  • The repurchase program has been authorized for a period of two year and it may be suspended for periods or discontinued at any time.\nThe expansion of the repurchase program follows the Company\xe2\x80\x99s issuance of its Fiscal Third Quarter 2021 Earnings.
  • Park City Group may from time to time update these publicly announced projections, but it is not obligated to do so.