Fifth District Bancorp, Inc. Authorizes Stock Repurchase Program
Fifth District Bancorp (Nasdaq: FDSB) has announced a new stock repurchase program authorizing the buyback of up to 555,947 shares of its common stock, representing 10% of currently outstanding shares.
The repurchases will be conducted on the open market, including through an SEC Rule 10b5-1 trading plan. The company maintains flexibility to suspend or discontinue the program based on market conditions and other factors.
Fifth District Bancorp (Nasdaq: FDSB) ha annunciato un nuovo programma di riacquisto di azioni che autorizza l'acquisto fino a 555.947 azioni ordinarie, pari al 10% delle azioni attualmente in circolazione.
I riacquisti saranno effettuati sul mercato aperto, incluso tramite un piano di negoziazione conforme alla Regola 10b5-1 della SEC. La società si riserva la facoltà di sospendere o interrompere il programma in base alle condizioni di mercato e ad altri fattori.
Fifth District Bancorp (Nasdaq: FDSB) ha anunciado un nuevo programa de recompra de acciones que autoriza la compra de hasta 555.947 acciones ordinarias, lo que equivale al 10% de las acciones en circulación actualmente.
Las recompras se realizarán en el mercado abierto, incluso mediante un plan de negociación conforme a la Regla 10b5-1 de la SEC. La compañía mantiene la flexibilidad de suspender o cancelar el programa según las condiciones del mercado y otros factores.
Fifth District Bancorp (Nasdaq: FDSB)는 보통주 최대 555,947주를 재매입할 수 있도록 승인하는 새로운 자사주 매입 프로그램을 발표했으며, 이는 현재 유통 주식의 10%에 해당합니다.
재매입은 SEC 규칙 10b5-1에 따른 거래 계획을 포함해 공개 시장에서 이루어집니다. 회사는 시장 상황 및 기타 요인에 따라 프로그램을 중단하거나 종료할 수 있는 유연성을 유지합니다.
Fifth District Bancorp (Nasdaq: FDSB) a annoncé un nouveau programme de rachat d'actions autorisant l'achat de jusqu'à 555 947 actions ordinaires, soit 10% des actions actuellement en circulation.
Les rachats seront effectués sur le marché ouvert, y compris via un plan de négociation conforme à la règle 10b5-1 de la SEC. La société se réserve la possibilité de suspendre ou d'interrompre le programme en fonction des conditions du marché et d'autres facteurs.
Fifth District Bancorp (Nasdaq: FDSB) hat ein neues Aktienrückkaufprogramm angekündigt, das den Rückkauf von bis zu 555.947 Aktien des Stammkapitals autorisiert, was 10% der aktuell ausstehenden Aktien entspricht.
Die Rückkäufe erfolgen am offenen Markt, auch im Rahmen eines Handelsplans nach SEC-Regel 10b5-1. Das Unternehmen behält sich vor, das Programm je nach Marktbedingungen und anderen Faktoren auszusetzen oder zu beenden.
- Authorization to repurchase up to 10% of outstanding shares demonstrates confidence in company's financial position
- Stock buyback program could help support share price and increase earnings per share
- Flexible implementation through 10b5-1 plan allows for systematic execution
- No specified timeline for the buyback completion
- Program can be suspended or discontinued at any time
- No guarantee provided regarding the number of shares to be repurchased
The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The Company may suspend or discontinue the program at any time.
About Fifth District Savings Bank
Originally chartered in 1926, Fifth District Savings Bank is a federally-chartered stock savings bank that conducts its business from its main office and six branch offices located in
Forward-Looking Statements
This press release contains certain forward-looking statements about the stock repurchase program. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include the Company's inability to execute the repurchase program due to stock market conditions or otherwise.
View original content to download multimedia:https://www.prnewswire.com/news-releases/fifth-district-bancorp-inc-authorizes-stock-repurchase-program-302537789.html
SOURCE Fifth Distirct Bancorp, Inc.
FAQ
How many shares is Fifth District Bancorp (FDSB) authorized to repurchase?
How will Fifth District Bancorp (FDSB) implement its stock buyback program?
Can Fifth District Bancorp (FDSB) suspend its stock repurchase program?
What percentage of Fifth District Bancorp's (FDSB) outstanding shares does the buyback program represent?
When did Fifth District Bancorp (FDSB) announce its stock buyback program?
