The Board of Directors of First Capital, Inc. (NASDAQ: FCAP) approved a Joint Rule 10b5-1/Rule 10b-18 Plan Agreement to repurchase up to 113,236 shares of common stock.
The Plan, in line with SEC regulations, provides flexibility to repurchase shares under safe harbor rules, aligning with the long-term capital allocation strategy.
As of August 29, 2025, 127,231 shares have already been repurchased under the Repurchase Authorization approved in 2008.
Enhanced Flexibility
The newly approved Plan adds flexibility to respond dynamically to market conditions, reflecting confidence in the company's value.
Strategic Stock Repurchase
Aligns with the long-term capital allocation strategy and aims to create value for shareholders.
Board's Confidence
Board's strong belief in the company's strategic direction and long-term value creation is evident.
- The Company's enhanced stock repurchase program is designed to align with market conditions, enhancing shareholder value.
- This move reflects management's confidence in the company's long-term strategy and commitment to delivering value to shareholders.
First Capital, Inc.'s new stock repurchase program underscores its commitment to creating shareholder value and strategic flexibility in capital allocation. The company remains confident in its long-term growth prospects and commitment to delivering value to its stakeholders.