logo
Share SHARE
FONT-SIZE Plus   Neg

ASB Bancorp Board OKs Stock Buyback Program

ASB Bancorp, Inc. (ASBB) said Friday that its Board of Directors has approved a stock repurchase program whereby the company may repurchase up to 5%, or 265,266 shares, of its outstanding common stock as and when deemed appropriate by management and under any plan that may be deployed in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

The Rule 10b5-1 repurchase plan allows the company to repurchase its shares during periods when it would normally not be active in the market due to its internal trading blackout period.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Japanese messaging service Line Corp. announced its decision to delay the setting of a price range for its initial public offering by one day, until Tuesday, citing the chaos caused by Brexit in global markets. Line was actually planning to announce the IPO price range on Monday, June 27, and the... Fujifilm launched a new version to its tiny instant printer line up. The new upgraded version, Instax Share SP-2, can be used to print photographs from smartphones in a faster pace. China Resources Pharmaceutical Group Ltd. has filed for an initial public offering in Hong Kong stock exchange, which could turn out to be the biggest IPO of drug company this year in Asia. China Resources Pharmaceutical Group aims to raise $1 billion through the IPO. Another Chinese company, Simcere...
comments powered by Disqus
Follow RTT