ALPHA PRO TECH, LTD. ANNOUNCES $2 MILLION EXPANSION OF SHARE REPURCHASE PROGRAM
Alpha Pro Tech (NYSE American: APT), a manufacturer of protective apparel and building products, has announced a $2.0 million expansion of its share repurchase program. Combined with the $0.7 million remaining from the previous expansion announced in December 2024, the company now has approximately $2.7 million available for share repurchases.
The company plans to execute the buyback through open market purchases or privately-negotiated transactions, with shares to be retired upon purchase. The repurchase plan will operate under Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, with transactions conducted through a pre-arranged plan or through separate open market purchases based on market conditions.
Alpha Pro Tech (NYSE American: APT), produttore di abbigliamento protettivo e prodotti per l'edilizia, ha annunciato un'espansione di 2,0 milioni di dollari del suo programma di riacquisto di azioni. Sommando i 0,7 milioni di dollari residui dall'espansione precedente annunciata a dicembre 2024, la società dispone ora di circa 2,7 milioni di dollari per riacquisti di azioni.
L'azienda prevede di effettuare il riacquisto tramite acquisti sul mercato aperto o transazioni negoziate privatamente, con le azioni che saranno annullate al momento dell'acquisto. Il piano di riacquisto sarà gestito secondo la Regola 10b5-1 e la Regola 10b-18 del Securities Exchange Act del 1934, con le operazioni condotte tramite un piano predefinito o attraverso acquisti separati sul mercato aperto in base alle condizioni di mercato.
Alpha Pro Tech (NYSE American: APT), fabricante de ropa protectora y productos para la construcción, ha anunciado una expansión de 2,0 millones de dólares en su programa de recompra de acciones. Sumado a los 0,7 millones de dólares restantes de la expansión anterior anunciada en diciembre de 2024, la compañía ahora dispone de aproximadamente 2,7 millones de dólares para recompras de acciones.
La empresa planea ejecutar la recompra mediante compras en el mercado abierto o transacciones negociadas privadamente, con las acciones que serán retiradas tras la compra. El plan de recompra operará bajo la Regla 10b5-1 y la Regla 10b-18 de la Ley de Intercambio de Valores de 1934, con transacciones realizadas mediante un plan preestablecido o compras separadas en el mercado abierto según las condiciones del mercado.
Alpha Pro Tech (NYSE American: APT)는 보호복 및 건축 자재 제조업체로서, 자사 주식 재매입 프로그램을 200만 달러 규모로 확대한다고 발표했습니다. 2024년 12월에 발표된 이전 확대분에서 남은 70만 달러와 합쳐, 현재 약 270만 달러의 주식 재매입 자금을 확보하게 되었습니다.
회사는 공개 시장 매수 또는 비공개 협상 거래를 통해 주식 재매입을 실행할 계획이며, 매수된 주식은 즉시 소각됩니다. 재매입 계획은 1934년 증권거래법의 규칙 10b5-1 및 10b-18에 따라 운영되며, 사전 계획에 따른 거래 또는 시장 상황에 따른 별도의 공개 시장 매수를 통해 진행됩니다.
Alpha Pro Tech (NYSE American : APT), fabricant de vêtements de protection et de produits pour le bâtiment, a annoncé une extension de 2,0 millions de dollars de son programme de rachat d'actions. Associée aux 0,7 million de dollars restants de l'extension précédente annoncée en décembre 2024, la société dispose désormais d'environ 2,7 millions de dollars pour le rachat d'actions.
L'entreprise prévoit d'exécuter ce rachat par des achats sur le marché libre ou par des transactions négociées en privé, les actions étant annulées dès leur acquisition. Le plan de rachat sera mis en œuvre conformément à la règle 10b5-1 et à la règle 10b-18 du Securities Exchange Act de 1934, avec des transactions effectuées via un plan préétabli ou par des achats distincts sur le marché libre selon les conditions du marché.
Alpha Pro Tech (NYSE American: APT), ein Hersteller von Schutzbekleidung und Bauprodukten, hat eine Erweiterung seines Aktienrückkaufprogramms um 2,0 Millionen US-Dollar angekündigt. Zusammen mit den verbleibenden 0,7 Millionen US-Dollar aus der im Dezember 2024 angekündigten vorherigen Erweiterung verfügt das Unternehmen nun über etwa 2,7 Millionen US-Dollar für Aktienrückkäufe.
Das Unternehmen plant, den Rückkauf durch Käufe am offenen Markt oder privat ausgehandelte Transaktionen durchzuführen, wobei die Aktien nach dem Kauf eingezogen werden. Das Rückkaufprogramm wird gemäß Regel 10b5-1 und Regel 10b-18 des Securities Exchange Act von 1934 betrieben, wobei die Transaktionen entweder über einen vorab arrangierten Plan oder durch separate Käufe am offenen Markt je nach Marktbedingungen erfolgen.
- Board authorized additional $2.0 million for share repurchases
- Total buyback capacity increased to $2.7 million
- Plan to retire all repurchased shares, potentially increasing value for remaining shareholders
- Structured program with clear regulatory compliance under Rules 10b5-1 and 10b-18
- Relatively small buyback amount may have limited impact on stock price
- Use of cash for buybacks reduces funds available for operational growth or other investments
NOGALES, Ariz., June 27, 2025 (GLOBE NEWSWIRE) -- – Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced that its Board of Directors has authorized a
With this authorized expansion, the Company now has approximately
Management anticipates repurchasing shares through open market purchases or through privately-negotiated transactions and intends to retire all shares purchased through the share repurchase program. Open market purchases may be executed by the Company’s broker through a pre-arranged repurchase plan, which operates in accordance with the guidelines specified under Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. Any transactions under the repurchase plan will be effected in accordance with the terms of the plan, including specified price, volume and timing conditions, and will be applied against the amount authorized for the Company’s share repurchase program. Other open market and privately-negotiated purchases may occur from time to time outside the repurchase plan based on market and general business conditions, subject to applicable rules and regulations.
About Alpha Pro Tech, Ltd.
Alpha Pro Tech, Ltd. is the parent company of Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc. Alpha Pro Tech, Inc. develops, manufactures and markets innovative disposable and limited-use protective apparel products for the industrial, clean room, medical and dental markets. Alpha ProTech Engineered Products, Inc. manufactures and markets a line of construction weatherization products, including building wrap and roof underlayment. The Company has manufacturing facilities in Nogales, Arizona; Valdosta, Georgia; and a joint venture in India. For more information and copies of all news releases and financials, visit Alpha Pro Tech’s website at http://www.alphaprotech.com.
Certain statements made in this press release constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement that may predict, forecast, indicate or imply future results, performance or achievements instead of historical facts and may be identified generally by the use of forward-looking terminology and words such as “expects,” “anticipates,” “estimates,” “believes,” “predicts,” “intends,” “plans,” “potentially,” “may,” “continue,” “should,” “will” and words of similar meaning. Without limiting the generality of the preceding statement, all statements in this press release relating to the Company’s strategy, including the number of shares of common stock to be repurchased by the Company, if any, are forward-looking statements. We caution investors that any such forward-looking statements are only estimates based on current information and involve risks and uncertainties that may cause actual results to differ materially from the results contained in the forward-looking statements. We cannot give assurances that any such statements will prove to be correct. Factors that could cause actual results to differ materially from those estimated by us include the risks, uncertainties and assumptions described from time to time in our public releases and reports filed with the Securities and Exchange Commission, including, but not limited to, our most recent Annual Report on Form 10-K. Specifically, these factors include, but are not limited to, our exposure to foreign currency exchange risks related to our unconsolidated affiliate operations in India; potential failure to remediate the material weakness in our internal controls; our partnership with a joint venture partner; the loss of any major customer or a reduction in order volume by our customers; the inability of our suppliers and contractors to meet our requirements; potential challenges related to international manufacturing; the inability to protect our intellectual property; competition in our industry; customer preferences; the timing and market acceptance of new product offerings; changes in global economic conditions; security breaches or disruptions to the information technology infrastructure; risks related to climate change and natural disasters or other events beyond our control; the effects of tariff policies and potential countermeasure; potential liabilities from environmental laws and regulations; uncertainties with respect to the development, deployment, and use of artificial intelligence; the impact of legal and regulatory proceedings or compliance challenges; and volatility in our common stock price and our investments. We also caution investors that the forward-looking information described herein represents our outlook only as of this date, and we undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this press release. Given these uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
| Company Contact: |
| Alpha Pro Tech, Ltd. |
| Donna Millar |
| 905-479-0654 |
| e-mail: ir@alphaprotech.com |
| Investor Relations Contact: |
| Hayden IR |
| Cameron Donahue |
| 651-653-1854 |
| e-mail: cameron@haydenir.com |
FAQ
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