Optical Cable Corp. (OCCF) announced that its Board of Directors has approved a plan to purchase and retire up to 325,848 shares of the company's common stock, or 5% of the current shares outstanding.
The company anticipates that the purchases will be made during the next 12 to 24 months. The company stated that, as of November 16, 2009, it had approximately 6.5 million common shares outstanding.
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