SR Bancorp, Inc. Announces Adoption of its Second Stock Repurchase Program
SR Bancorp (NASDAQ: SRBK) has announced its second stock repurchase program, authorizing the buyback of up to 886,137 shares, representing 10% of its outstanding common stock. The program will commence after completing the remaining 13,802 shares from its first buyback program, which was initiated following the company's mutual-to-stock conversion in September 2023.
The repurchases may be executed through open market transactions, private dealings, block trades, or via Rule 10b5-1 trading plans. The timing and volume will be influenced by market conditions, stock price, and alternative capital uses, with purchases conducted under SEC Rule 10b-18 requirements.
SR Bancorp (NASDAQ: SRBK) ha annunciato il suo secondo programma di riacquisto di azioni, autorizzando l'acquisto di un massimo di 886.137 azioni, pari al 10% del capitale sociale in circolazione. Il programma inizierà una volta completato il riacquisto delle restanti 13.802 azioni del primo programma, avviato dopo la conversione da società mutualistica a società per azioni avvenuta a settembre 2023.
I riacquisti potranno essere effettuati tramite transazioni sul mercato aperto, accordi privati, blocchi di azioni o tramite piani di trading secondo la Regola 10b5-1. Tempistiche e volumi dipenderanno dalle condizioni di mercato, dal prezzo delle azioni e da altre possibili destinazioni del capitale, con gli acquisti conformi ai requisiti della Regola 10b-18 della SEC.
SR Bancorp (NASDAQ: SRBK) ha anunciado su segundo programa de recompra de acciones, autorizando la recompra de hasta 886,137 acciones, que representan el 10% de sus acciones comunes en circulación. El programa comenzará una vez finalizada la recompra de las 13,802 acciones restantes del primer programa, iniciado tras la conversión de la compañía de mutual a sociedad anónima en septiembre de 2023.
Las recompras podrán realizarse mediante transacciones en el mercado abierto, acuerdos privados, operaciones en bloque o a través de planes de negociación conforme a la Regla 10b5-1. El momento y volumen dependerán de las condiciones del mercado, el precio de las acciones y otros usos alternativos del capital, con compras realizadas bajo los requisitos de la Regla 10b-18 de la SEC.
SR Bancorp (NASDAQ: SRBK)는 두 번째 자사주 매입 프로그램을 발표했으며, 최대 886,137주까지 매입을 승인했습니다. 이는 발행 중인 보통주 총수의 10%에 해당합니다. 이 프로그램은 2023년 9월 회사가 상호조합에서 주식회사로 전환한 후 시작된 첫 번째 자사주 매입 프로그램에서 남은 13,802주를 완료한 후 시작됩니다.
매입은 공개 시장 거래, 사적 거래, 블록 거래 또는 규칙 10b5-1 거래 계획을 통해 이루어질 수 있습니다. 매입 시기와 규모는 시장 상황, 주가 및 자본의 다른 활용 방안에 따라 결정되며, SEC 규칙 10b-18 요건에 따라 진행됩니다.
SR Bancorp (NASDAQ : SRBK) a annoncé son deuxième programme de rachat d’actions, autorisant le rachat de jusqu’à 886 137 actions, représentant 10 % de ses actions ordinaires en circulation. Le programme débutera après l’achèvement du rachat des 13 802 actions restantes dans le cadre du premier programme, lancé suite à la conversion de la société de mutuelle en société par actions en septembre 2023.
Les rachats pourront être effectués via des transactions sur le marché ouvert, des accords privés, des blocs d’actions ou des plans de trading selon la règle 10b5-1. Le calendrier et le volume dépendront des conditions du marché, du cours de l’action et des autres utilisations possibles du capital, les achats étant réalisés conformément aux exigences de la règle 10b-18 de la SEC.
SR Bancorp (NASDAQ: SRBK) hat sein zweites Aktienrückkaufprogramm angekündigt und genehmigt den Rückkauf von bis zu 886.137 Aktien, was 10 % des ausstehenden Stammkapitals entspricht. Das Programm beginnt, nachdem die verbleibenden 13.802 Aktien aus dem ersten Rückkaufprogramm abgeschlossen sind, das nach der Umwandlung des Unternehmens von einer Mutualgesellschaft in eine Aktiengesellschaft im September 2023 gestartet wurde.
Die Rückkäufe können über Transaktionen am offenen Markt, private Vereinbarungen, Blockgeschäfte oder über Handelspläne gemäß Regel 10b5-1 erfolgen. Zeitpunkt und Volumen hängen von den Marktbedingungen, dem Aktienkurs und alternativen Kapitalverwendungen ab, wobei die Käufe gemäß den Anforderungen der SEC-Regel 10b-18 durchgeführt werden.
- Authorization to repurchase 10% of outstanding shares (886,137 shares) demonstrates strong commitment to shareholder value
- Company has sufficient capital to implement second buyback program shortly after first program
- Flexible repurchase approach through multiple channels provides strategic advantages in execution
- Buyback program may reduce the company's available capital for other strategic initiatives
- No specific timeline committed for the completion of the repurchase program
Repurchases are expected to commence after the Company completes its first repurchase program, which has 13,802 shares remaining. Shares of the Company's common stock may be repurchased pursuant to the program in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.
About SR Bancorp, Inc.
SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "may," "will," "would," "intend," "believe," "expect," "plan," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. These statements are based upon the current beliefs and expectations of Company management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: general economic conditions, changes in interest rates, increased competitive pressures, the effects of inflation, general economic conditions or conditions within the securities markets, monetary and fiscal policies of the
The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company does not undertake and specifically disclaims any obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
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SOURCE SR Bancorp, Inc.
FAQ
How many shares will SRBK repurchase in its second buyback program?
When will SRBK start its second stock repurchase program?
How will SR Bancorp execute its stock repurchase program?
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Is SRBK obligated to repurchase all authorized shares?
