JBDI Holdings Limited Announces US$1.0 Million Share Repurchase Program
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.
JBDI Holdings (NASDAQ: JBDI) ha annunciato un programma di riacquisto di azioni per un valore di 1,0 milioni di dollari USA, approvato dal Consiglio di Amministrazione. La società intende eseguire il riacquisto tramite diverse modalità, tra cui acquisti sul mercato aperto ai prezzi correnti, transazioni private e operazioni a blocchi. L’attuazione sarà soggetta alle condizioni di mercato e conformità alle normative vigenti. Il Consiglio effettuerà revisioni periodiche del programma e potrà modificarne termini e dimensioni di conseguenza.
JBDI Holdings (NASDAQ: JBDI) ha anunciado un programa de recompra de acciones por 1,0 millones de dólares aprobado por su Junta Directiva. La compañía planea ejecutar la recompra mediante diversos métodos, incluyendo compras en el mercado abierto a precios vigentes, transacciones privadas y operaciones en bloque. La implementación estará sujeta a las condiciones del mercado y cumplirá con las regulaciones aplicables. La Junta realizará revisiones periódicas del programa y podrá ajustar sus términos y tamaño según corresponda.
JBDI Holdings (NASDAQ: JBDI)는 이사회에서 승인한 100만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 회사는 현재 시장 가격에 따른 공개 시장 매입, 사적 거래, 블록 거래 등 다양한 방법을 통해 자사주 매입을 실행할 계획입니다. 실행은 시장 상황에 따라 달라지며 관련 규정을 준수합니다. 이사회는 프로그램을 정기적으로 검토하며 필요에 따라 조건과 규모를 조정할 수 있습니다.
JBDI Holdings (NASDAQ : JBDI) a annoncé un programme de rachat d’actions d’un montant d’1,0 million de dollars US, approuvé par son conseil d’administration. La société prévoit d’exécuter ce rachat par divers moyens, notamment par des achats sur le marché ouvert aux prix en vigueur, des transactions privées et des opérations en bloc. La mise en œuvre dépendra des conditions du marché et respectera les réglementations applicables. Le conseil procédera à des revues périodiques du programme et pourra ajuster ses modalités et son envergure en conséquence.
JBDI Holdings (NASDAQ: JBDI) hat ein Aktienrückkaufprogramm in Höhe von 1,0 Millionen US-Dollar angekündigt, das vom Vorstand genehmigt wurde. Das Unternehmen plant, den Rückkauf auf verschiedenen Wegen durchzuführen, darunter Käufe am offenen Markt zu aktuellen Preisen, Privattransaktionen und Blockgeschäfte. Die Umsetzung erfolgt unter Berücksichtigung der Marktbedingungen und in Übereinstimmung mit den geltenden Vorschriften. Der Vorstand wird das Programm regelmäßig überprüfen und gegebenenfalls dessen Umfang und Bedingungen anpassen.
- 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
- 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
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?
How will JBDI implement its share buyback program?
When will JBDI's share repurchase program end?
What does JBDI's stock buyback mean for shareholders?
