Blue Ridge Bankshares, Inc. announced the adoption of a share repurchase program.
The program allows the purchase of up to $15 million of the company's common stock.
Repurchases may be made through various methods including open market purchases and privately negotiated transactions.
Share Repurchase Program Adoption
The Board of Directors adopted a share repurchase program allowing the purchase of up to $15 million of common stock.
Repurchase Methods
Repurchases can be made through open market purchases, block trades, or privately negotiated transactions.
Regulatory Compliance
Repurchases will comply with SEC Rule 10b-18 and may include the use of trading plans under SEC Rule 10b5-1.
- The share repurchase program provides flexibility for the company to invest in its own stock.
- Market conditions, price, and trading plans will influence the timing and amount of repurchases.
The share repurchase program demonstrates the company's confidence in its value and willingness to invest in its own growth.