BankGuam Holding Company Announces Share Repurchase Program up to $500,000
BankGuam Holding Company (BKGM) has announced a new share repurchase program authorized by its Board of Directors for up to $500,000 of its outstanding common stock. The company will execute the buyback through various methods including open market transactions, block purchases, and privately negotiated transactions.
The program's timing and volume will be determined based on multiple factors, including market price, corporate considerations, economic conditions, and legal requirements. The repurchase program has no set expiration date and can be modified, suspended, or discontinued at the company's discretion. Funding will come from available corporate funds.
BankGuam Holding Company (BKGM) ha annunciato un nuovo programma di riacquisto di azioni autorizzato dal proprio Consiglio di Amministrazione per un massimo di $500.000 delle sue azioni ordinarie in circolazione. L'azienda eseguirà il buyback attraverso vari metodi, tra cui transazioni sul mercato aperto, acquisti in blocco e transazioni negoziate privatamente.
Il tempismo e il volume del programma saranno determinati in base a molteplici fattori, inclusi il prezzo di mercato, considerazioni aziendali, condizioni economiche e requisiti legali. Il programma di riacquisto non ha una data di scadenza fissa e può essere modificato, sospeso o interrotto a discrezione dell'azienda. Il finanziamento verrà dalle risorse aziendali disponibili.
BankGuam Holding Company (BKGM) ha anunciado un nuevo programa de recompra de acciones autorizado por su Junta Directiva por hasta $500,000 de sus acciones ordinarias en circulación. La compañía llevará a cabo la recompra a través de varios métodos, incluyendo transacciones en el mercado abierto, compras en bloque y transacciones negociadas privadamente.
El momento y el volumen del programa se determinarán en función de múltiples factores, incluidas la precio de mercado, consideraciones corporativas, condiciones económicas y requisitos legales. El programa de recompra no tiene una fecha de vencimiento fija y puede ser modificado, suspendido o cancelado a discreción de la empresa. La financiación provendrá de los fondos corporativos disponibles.
BankGuam Holding Company (BKGM)는 이사회의 승인에 따라 최대 $500,000의 보통주를 재매입하는 새로운 주식 재매입 프로그램을 발표했습니다. 회사는 공개 시장 거래, 블록 구매 및 비공식 협상 거래 등 다양한 방법으로 매입을 실행할 예정입니다.
프로그램의 시기와 규모는 시장 가격, 기업 고려사항, 경제 조건 및 법적 요구사항 등 여러 요인에 따라 결정됩니다. 재매입 프로그램에는 고정 만료일이 없으며 회사의 재량에 따라 수정, 중단 또는 종료될 수 있습니다. 자금 조달은 회사의 가용 자금에서 이루어집니다.
BankGuam Holding Company (BKGM) a annoncé un nouveau programme de rachat d'actions autorisé par son Conseil d'Administration pour un montant maximum de $500,000 de ses actions ordinaires en circulation. La société exécutera le rachat par divers moyens, y compris les transactions sur le marché ouvert, les achats en bloc et les transactions négociées en privé.
Le timing et le volume du programme seront déterminés en fonction de multiples facteurs, y compris le prix du marché, les considérations d'entreprise, les conditions économiques et les exigences légales. Le programme de rachat n'a pas de date d'expiration fixe et peut être modifié, suspendu ou interrompu à la discrétion de l'entreprise. Le financement proviendra des fonds d'entreprise disponibles.
BankGuam Holding Company (BKGM) hat ein neues Aktienrückkaufprogramm bekanntgegeben, das von seinem Vorstand genehmigt wurde. Es sieht vor, bis zu $500.000 eigener ausstehender Stammaktien zurückzukaufen. Das Unternehmen wird den Rückkauf über verschiedene Methoden durchführen, einschließlich Transaktionen am offenen Markt, Blockkäufen und privat ausgehandelten Transaktionen.
Der Zeitpunkt und das Volumen des Programms werden anhand mehrerer Faktoren, einschließlich Marktpreis, Unternehmensüberlegungen, wirtschaftlicher Bedingungen und gesetzlicher Anforderungen, bestimmt. Das Rückkaufprogramm hat kein festgelegtes Ablaufdatum und kann nach Ermessen des Unternehmens geändert, ausgesetzt oder eingestellt werden. Die Finanzierung erfolgt aus verfügbaren Unternehmensmitteln.
- Board approval for $500,000 share repurchase program
- Flexible implementation with no set expiration date
- Multiple repurchase methods available (open market, block, private)
- Program funded through existing corporate funds
- Relatively small buyback amount of $500,000
- No guaranteed minimum share repurchase commitment
HAGÅTÑA,
Under the repurchase program, the Company may purchase shares of its common stock through open market transactions, block purchases, and privately negotiated transactions. The timing and amount of any repurchases under the program will be determined by the Company based on a variety of factors, including the market price of our common stock, corporate considerations, general market and economic conditions, and legal requirements. The repurchase program does not have a set expiration date, obligate the Company to acquire any particular amount of common stock, and may be modified, discontinued or suspended at any time or from time to time in the Company's discretion. The Company anticipates funding for this program to come from available corporate funds.
Forward-Looking Statements
This press release contains statements that are "forward-looking statements". Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250203068658/en/
For more information, please contact:
Symon Madrazo, Senior Vice President | Chief Financial Officer
Phone: (671) 472-5268 | Email: symon.madrazo@bankofguam.com
Danilo M. Rapadas, Senior Vice President | Chief Risk Officer
Phone: (671) 472-5255 | Email: drapadas@bankofguam.com
Source: BankGuam Holding Company
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