Euro Tech Holdings Company Limited Announces Stock Repurchase Program
Euro Tech Holdings (Nasdaq: CLWT) has announced a significant stock repurchase program approved by its Board of Directors. The program authorizes the repurchase of up to 350,000 shares of its issued and outstanding ordinary shares, with an aggregate purchase price cap of $500,000.
The company will have the flexibility to execute these repurchases through open market transactions or negotiated/block trades over the next 12 months. The Board expressed strong confidence in the company's future, stating that the current stock price does not reflect their expectations and trades significantly below the company's net asset value per share.
Euro Tech Holdings (Nasdaq: CLWT) ha annunciato un significativo programma di riacquisto di azioni approvato dal suo Consiglio di Amministrazione. Il programma autorizza il riacquisto di fino a 350.000 azioni delle sue azioni ordinarie emesse e in circolazione, con un limite di prezzo totale di $500.000.
L'azienda avrà la flessibilità di eseguire questi riacquisti attraverso transazioni sul mercato aperto o negoziati/operazioni in blocco nei prossimi 12 mesi. Il Consiglio ha espresso una forte fiducia nel futuro dell'azienda, affermando che l'attuale prezzo delle azioni non riflette le loro aspettative e viene scambiato significativamente al di sotto del valore netto degli attivi per azione dell'azienda.
Euro Tech Holdings (Nasdaq: CLWT) ha anunciado un importante programa de recompra de acciones aprobado por su Junta Directiva. El programa autoriza la recompra de hasta 350,000 acciones de sus acciones ordinarias emitidas y en circulación, con un límite total de compra de $500,000.
La compañía tendrá la flexibilidad de ejecutar estas recompras a través de transacciones en el mercado abierto o negociaciones/comercio en bloque durante los próximos 12 meses. La Junta expresó una fuerte confianza en el futuro de la empresa, afirmando que el precio actual de las acciones no refleja sus expectativas y se negocia significativamente por debajo del valor neto de los activos por acción de la empresa.
유로 테크 홀딩스 (Nasdaq: CLWT)는 이사회의 승인을 받은 대규모 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 발행된 보통주 350,000주까지 매입을 승인하며, 총 매입 가격 한도는 $500,000입니다.
회사는 향후 12개월 동안 공개 시장 거래 또는 협상/블록 거래를 통해 이러한 매입을 실행할 유연성을 가질 것입니다. 이사회는 회사의 미래에 대한 강한 신뢰를 표명하며 현재 주가가 그들의 기대를 반영하지 않고 회사의 주당 순자산 가치보다 상당히 낮게 거래되고 있다고 밝혔습니다.
Euro Tech Holdings (Nasdaq: CLWT) a annoncé un programme significatif de rachat d'actions approuvé par son Conseil d'Administration. Le programme autorise le rachat de jusqu'à 350 000 actions de ses actions ordinaires émises et en circulation, avec un plafond de prix d'achat total de $500 000.
L'entreprise aura la flexibilité d'exécuter ces rachats par le biais de transactions sur le marché ouvert ou de négociations/transactions de bloc au cours des 12 prochains mois. Le Conseil a exprimé une forte confiance dans l'avenir de l'entreprise, affirmant que le prix actuel de l'action ne reflète pas leurs attentes et se négocie significativement en dessous de la valeur nette des actifs par action de l'entreprise.
Euro Tech Holdings (Nasdaq: CLWT) hat ein bedeutendes Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm erlaubt den Rückkauf von bis zu 350.000 Aktien seiner ausgegebenen und ausgegebenen Stammaktien, mit einer Gesamtkaufpreishöchstgrenze von $500.000.
Das Unternehmen wird die Flexibilität haben, diese Rückkäufe in den nächsten 12 Monaten durch Transaktionen auf dem offenen Markt oder durch verhandelte/Blockgeschäfte durchzuführen. Der Vorstand drückte sein starkes Vertrauen in die Zukunft des Unternehmens aus und erklärte, dass der aktuelle Aktienkurs nicht ihren Erwartungen entspricht und erheblich unter dem Nettovermögenswert pro Aktie des Unternehmens liegt.
- Board approved share buyback of up to 350,000 shares
- Maximum buyback value set at $500,000
- Stock currently trading below net asset value per share
- 12-month window for flexible execution of repurchases
- Current stock price performing below expectations
Insights
The announced share repurchase program represents a significant corporate action for Euro Tech Holdings, authorizing the repurchase of up to 350,000 shares with a maximum spend of
The dual-cap structure (shares and dollar amount) creates an effective maximum purchase price of approximately
For micro-cap companies like Euro Tech, share repurchase programs face unique execution challenges. With daily trading volume, the company will need to carefully pace its purchases to avoid artificial price inflation. The 12-month timeframe provides flexibility for methodical execution while potentially providing sustained price support.
The Board's explicit mention of stock price trading below net asset value (NAV) is particularly telling. This suggests the company sees compelling value in its own shares and believes the market is not fully recognizing its underlying asset value. Such disconnects between market price and NAV are not uncommon in micro-cap stocks, where analyst coverage and trading liquidity can lead to pricing inefficiencies.
The buyback's structure also reveals strategic thinking: the
The Board has a high degree of confidence in the Company's future and believes that this expectation is not reflected in the current stock price of the Company's shares, which is also much lower than the Company's net asset value on a per share basis.
Forward-Looking Statement
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be governed by terms such as "will," "expect," "would," "anticipate," "future," "intend," "plan," "believe," "estimate," "potential," "continue," "in progress," "goal," "guidance expectations" and similar statements are identified. Forward-looking statements contained in this release relate to, among other things, the Company's ongoing compliance with the Holding Foreign Companies Accountable Act (the "HFCAA"). Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and other filings filed with the
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SOURCE EURO TECH HOLDINGS COMPANY LIMITED
FAQ
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