Natural Grocers by Vitamin Cottage, Inc.’s board of directors has authorized a new two-year program to repurchase up to $10 million in shares of the company’s common stock.
Repurchases under the company’s new program will be made from time to time at management’s discretion on the open market or through privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other relevant factors. Repurchases of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the company might otherwise be precluded from doing so under insider trading laws. The share repurchase program does not obligate the company to purchase any particular amount of common stock and may be suspended, modified or discontinued by the company without prior notice.
The only medicine which has proven to be a bestseller with good reason: it’s effective for many individuals. sildenafil generic uk Many universities and also says offer merit aid packages, along with these kinds of programs any college where buy viagra could be within your attain. You Can Host Your Website From A Home Computer It is possible to host a website using order cheap levitra like this just a home computer without the need for a server room or typical hosting costs. levitra generic It is a method that entails applying pressure to a muscle group being worked hard in training. “We are pleased that our strong balance sheet and cash flow enable us to return value to stockholders through this new share repurchase program, while at the same time continuing to invest in the company’s long-term growth,” said Kemper Isely, the company’s Co-President. “Our board of directors and the senior management team strongly believe that the company’s growth prospects are not fully reflected in the company’s current stock price. The share repurchase program demonstrates our confidence in the strength of our business and our commitment to delivering shareholder value.”
The company had approximately 22.5 million shares of common stock outstanding as of May 5, 2016. The company expects to finance the share repurchase program through borrowings under its revolving credit facility.