SSB Bancorp, Inc. Continues Authorized Stock Repurchase Program
SSB Bancorp (OTCQX:SSBP) has announced the continuation of its stock repurchase program that was initially authorized in March 2024. The program originally allowed for the repurchase of up to 49,489 shares of outstanding common stock, representing approximately 5% of shares owned by stockholders other than SSB Bancorp, MHC. Currently, 11,750 shares remain available for repurchase under the program.
The company plans to execute the repurchases through open market purchases, including via a trading plan under SEC Rule 10b5-1, or through privately negotiated transactions, subject to market conditions and other factors.
SSB Bancorp (OTCQX:SSBP) ha annunciato la prosecuzione del suo programma di riacquisto di azioni, inizialmente autorizzato nel marzo 2024. Il programma prevedeva originariamente il riacquisto di un massimo di 49.489 azioni ordinarie in circolazione, rappresentando circa il 5% delle azioni possedute dagli azionisti diversi da SSB Bancorp, MHC. Attualmente, sono ancora disponibili 11.750 azioni per il riacquisto nell'ambito del programma.
L'azienda prevede di effettuare i riacquisti tramite acquisti sul mercato aperto, inclusi piani di negoziazione secondo la Regola SEC 10b5-1, o tramite transazioni negoziate privatamente, in base alle condizioni di mercato e ad altri fattori.
SSB Bancorp (OTCQX:SSBP) ha anunciado la continuación de su programa de recompra de acciones, autorizado inicialmente en marzo de 2024. El programa permitía originalmente la recompra de hasta 49,489 acciones ordinarias en circulación, lo que representa aproximadamente el 5% de las acciones en manos de accionistas distintos de SSB Bancorp, MHC. Actualmente, quedan disponibles 11,750 acciones para recompra dentro del programa.
La compañía planea ejecutar las recompras mediante compras en el mercado abierto, incluyendo a través de un plan de negociación bajo la Regla 10b5-1 de la SEC, o mediante transacciones negociadas de forma privada, sujeto a las condiciones del mercado y otros factores.
SSB Bancorp (OTCQX:SSBP)는 2024년 3월에 처음 승인된 자사주 매입 프로그램의 연장을 발표했습니다. 이 프로그램은 원래 49,489주의 보통주를 최대한 매입할 수 있도록 허용했으며, 이는 SSB Bancorp, MHC를 제외한 주주들이 보유한 주식의 약 5%에 해당합니다. 현재 프로그램 하에서 11,750주가 매입 가능 상태로 남아 있습니다.
회사는 시장 상황 및 기타 요인에 따라 공개 시장에서의 매입, SEC 규칙 10b5-1에 따른 거래 계획을 통한 매입, 또는 사적으로 협상된 거래를 통해 자사주를 매입할 계획입니다.
SSB Bancorp (OTCQX:SSBP) a annoncé la poursuite de son programme de rachat d'actions initialement autorisé en mars 2024. Le programme permettait à l'origine le rachat de jusqu'à 49 489 actions ordinaires en circulation, représentant environ 5% des actions détenues par des actionnaires autres que SSB Bancorp, MHC. Actuellement, 11 750 actions restent disponibles pour rachat dans le cadre du programme.
La société prévoit d'exécuter ces rachats par des achats sur le marché ouvert, y compris via un plan de négociation selon la règle SEC 10b5-1, ou par des transactions négociées de manière privée, sous réserve des conditions du marché et d'autres facteurs.
SSB Bancorp (OTCQX:SSBP) hat die Fortsetzung seines im März 2024 ursprünglich genehmigten Aktienrückkaufprogramms bekannt gegeben. Das Programm sah ursprünglich den Rückkauf von bis zu 49.489 Aktien des ausstehenden Stammkapitals vor, was etwa 5% der von Aktionären außer SSB Bancorp, MHC gehaltenen Aktien entspricht. Derzeit sind noch 11.750 Aktien für den Rückkauf im Rahmen des Programms verfügbar.
Das Unternehmen plant, die Rückkäufe über offene Markttransaktionen, einschließlich eines Handelsplans gemäß SEC-Regel 10b5-1, oder über privat ausgehandelte Transaktionen durchzuführen, abhängig von den Marktbedingungen und weiteren Faktoren.
- Stock repurchase program demonstrates company's confidence in its financial position
- 11,750 shares still available for repurchase, providing continued support for stock price
- Flexible repurchase approach through both open market and private transactions
- Relatively small repurchase program size at only 5% of public float
- Program execution subject to market conditions, which may limit actual repurchases
PITTSBURGH, PA / ACCESS Newswire / May 21, 2025 / SSB Bancorp, Inc. (OTCQX:SSBP) (the "Company"), the holding company for SSB Bank, announced in March 2024 that it had authorized a program to repurchase up to 49,489 shares of its outstanding common stock, which represented approximately
The Company intends to conduct any repurchases through open market purchases, including by means of a trading plan adopted under Securities and Exchange Commission Rule 10b5-1, or in privately negotiated transactions, subject to market conditions and other factors.
About SSB Bank
SSB Bank is a Pennsylvania-chartered stock savings bank and the wholly owned subsidiary of SSB Bancorp, Inc. SSB Bank serves individuals and small businesses in Allegheny County and adjacent areas from its main office and branch office located in Pittsburgh.
Contact:
J. Daniel Moon, IV
President and CEO
412-837-6955
SOURCE: SSB Bancorp, Inc.
View the original press release on ACCESS Newswire
FAQ
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