Video Display's (VIDE) Board Reinstates 800K Share Buyback Program
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Video Display Corporation (Nasdaq: VIDE) today announced that the Company had received authorization from its commercial lenders to reinitiate the company's common share buyback program.
The stock repurchase program is subject to the Company remaining within the guidelines established by the banks on a quarterly basis and it is restricted to specific total dollar purchase limits.
The balance of common shares authorized under the plan to be repurchased is 816,418 shares, depending upon the market price and other conditions at the discretion of management. There is no minimum number of shares required to be repurchased under the Program.
The stock repurchase program is subject to the Company remaining within the guidelines established by the banks on a quarterly basis and it is restricted to specific total dollar purchase limits.
The balance of common shares authorized under the plan to be repurchased is 816,418 shares, depending upon the market price and other conditions at the discretion of management. There is no minimum number of shares required to be repurchased under the Program.
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