CB Financial Services, Inc. announced a program to repurchase up to $5 million of the Company's outstanding shares of common stock.
The repurchase program would encompass approximately 3.1% of the shares currently outstanding.
Repurchases may be transacted in the open market or negotiated private transactions and will be conducted pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the SEC.
Program Details
The repurchase program allows the Company to buy back up to $5 million of its common stock, representing about 3.1% of outstanding shares.
Termination Date
The repurchase program will terminate on September 30, 2026, allowing flexibility within that timeframe.
Trading Plan
Repurchases will follow a trading plan adopted under Rule 10b5-1, enabling transactions during internal blackout periods.
- The announcement reflects the Company's confidence in its current stock price and strategic outlook.
- Investors may view the repurchase program as a positive signal of the Company's financial stability and commitment to enhancing shareholder value.
CB Financial Services, Inc.'s stock repurchase program demonstrates proactive capital management and strategic allocation of resources to benefit shareholders in the long term.