JBDI Holdings Limited Announces US$1.0 Million Share Repurchase Program

Rhea-AI Summary

JBDI Holdings (NASDAQ: JBDI) has announced a US$1.0 Million share repurchase program approved by its Board of Directors. The company plans to execute the buyback through various means, including open market purchases at prevailing prices, private transactions, and block trades. The implementation will be subject to market conditions and comply with applicable regulations. The Board will conduct periodic reviews of the program and may adjust its terms and size accordingly.

Positive

• Board approval of US$1.0M share repurchase program demonstrates confidence in company's value
• Buyback program could help support stock price and increase earnings per share
• Flexible implementation approach through multiple channels (open market, private deals, block trades) allows for strategic execution

Negative

• Relatively small buyback size of US$1.0M may limit meaningful impact on share price
• No specified timeline for the buyback completion creates uncertainty
• Program size and terms subject to adjustment, lacking firm commitment

Singapore, May 05, 2025 (GLOBE NEWSWIRE) -- (“JBDI” or the “Company”) (NASDAQ: JBDI) today announced that its board of directors (the “Board”) has approved a share repurchase program (the “Share Repurchase Program”). Pursuant to the Share Repurchase Program, the Company may repurchase up to US$1.0 Million worth of its Ordinary Shares shares.

The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Board will review the share repurchase program periodically, and may authorize adjustment of its terms and size.

About JBDI Holdings Limited

JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and across Southeast Asia. With nearly four decades of industry experience, JBDI Holdings has established a strong reputation for quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services. Our mission is to help our customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs. For more information, please visit https://www.barrels.com.sg.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. JBDI may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about CBDI’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. JBDI undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Liang Zhao Rong
JBDI Holdings Limited
Tel: +65 6861 4150
Email: zhaorong.liang@eugroup.com.sg

FAQ

What is the size of JBDI's share repurchase program announced on May 5, 2025?

JBDI announced a share repurchase program of up to US$1.0 Million worth of its Ordinary Shares.

How will JBDI implement its share buyback program?

JBDI may repurchase shares through open market purchases at market prices, privately negotiated transactions, block trades, and other legally permissible means, depending on market conditions.

When will JBDI's share repurchase program end?

No specific end date was announced. The Board will review the program periodically and may adjust its terms and size.

What does JBDI's stock buyback mean for shareholders?

The buyback could potentially support the stock price and increase earnings per share for existing shareholders, though the relatively small size may limit its impact.