Old Market Capital Corporation announces a $7 million share repurchase program without an expiration date.
The program allows repurchasing shares of the currently issued common stock based on various factors.
Shareholders interested in selling shares can contact the investor relations department.
Share Repurchase Program
Authorized to repurchase shares with an aggregate purchase price of up to $7 million.
Operational Restructuring
Transitioned from a consumer finance company to a holding company seeking controlling interests in various sectors.
Forward-Looking Statements
The press release contains forward-looking statements regarding capital allocation and increasing shareholder returns.
- The announcement reflects the company's strategy to optimize capital and possibly increase shareholder value.
- Investors may interpret the share repurchase program as a signal of confidence in the company's future prospects.
Old Market Capital Corporation's share repurchase program signals a proactive approach to capital management and strategic growth initiatives. The transition to a holding company structure indicates a shift towards diversification and expansion.