Euro Tech Holdings Company Limited Announces Stock Repurchase Program
Euro Tech Holdings (Nasdaq: CLWT) approved a new stock repurchase program authorizing the buyback of up to 250,000 ordinary shares for an aggregate purchase price of up to $350,000 over the next 12 months.
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Rhea-AI Summary
Euro Tech Holdings (Nasdaq: CLWT) approved a new stock repurchase program authorizing the buyback of up to 250,000 ordinary shares for an aggregate purchase price of up to $350,000 over the next 12 months.
The Company said the Board believes the current share price understates its per‑share net asset value. The release also notes the Company completed its 2025 repurchase program (Feb 20, 2025–Feb 20, 2026), buying 301,966 shares for $355,585, now held as treasury shares.
Positive
- Authorised repurchase of up to 250,000 shares
- Buyback ceiling of $350,000 over 12 months
- Prior program repurchased 301,966 shares for $355,585
Negative
- Use of up to $350,000 reduces available cash resources
- New authorization is smaller than prior year repurchases by value
Details
News Market Reaction – CLWT
On Mar 3, the day this news came out, CLWT closed 8.26% above the previous close.
Data tracked by StockTitan Argus for the Mar 3 session.
Key Figures
- New repurchase shares
- 250,000 shares
- Maximum under new stock repurchase program
- New repurchase cap
- $350,000
- Aggregate purchase price limit for new program
- Program duration
- 12 months
- Timeframe to execute new buybacks
- 2025 program shares
- 301,966 shares
- Total repurchased under 2025 Stock Repurchase Program
- 2025 program spend
- $355,585
- Aggregate consideration for 2025 repurchases
- 2025 program start
- February 20, 2025
- Commencement date of prior buyback
- 2025 program end
- February 20, 2026
- Termination date of prior buyback
Previous Buybacks Reports
-
Board authorized up to 350,000-share repurchase capped at $500,000.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
stock repurchase program financial
block transactions financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Board has a high degree of confidence in the Company's future and believes that this expectation is not reflected in the current stock price of the Company's shares, which is also much lower than the Company's net asset value on a per share basis.
The Company also announces that its 2025 Stock Repurchase Program, which commenced on February 20, 2025 and terminated on February 20, 2026, has concluded. Under the 2025 Stock Repurchase Program, the Company repurchased a total of 301,966 ordinary shares for an aggregate consideration of
Forward-Looking Statement
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be governed by terms such as "will," "expect," "would," "anticipate," "future," "intend," "plan," "believe," "estimate," "potential," "continue," "in progress," "goal," "guidance expectations" and similar statements are identified. Forward-looking statements contained in this release relate to, among other things, the Company's stock repurchase activities and capital allocation plans. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The actual results could differ materially due to geopolitical risks, regulatory developments affecting
View original content:https://www.prnewswire.com/news-releases/euro-tech-holdings-company-limited-announces-stock-repurchase-program-302702207.html
SOURCE EURO TECH HOLDINGS COMPANY LIMITED
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