GEN Restaurant Group, Inc. Announces Stock Repurchase Program
GEN Restaurant Group (GENK), owner of GEN Korean BBQ, has announced a significant stock repurchase program approved by its board of directors. The program authorizes the repurchase of up to $5.0 million worth of the company's outstanding Class A common stock.
The company will execute the buyback through various means, including open market transactions, block purchases, and privately negotiated transactions. The implementation will be facilitated through a Rule 10b5-1 trading plan, allowing stock repurchases during periods when the company might otherwise be restricted due to insider trading laws.
The timing, manner, and value of repurchases will be determined by multiple factors, including market price, economic conditions, and business considerations. The program can be suspended or discontinued at any time and does not obligate the company to acquire any specific number of shares.
GEN Restaurant Group (GENK), proprietario di GEN Korean BBQ, ha annunciato un significativo programma di riacquisto di azioni approvato dal suo consiglio di amministrazione. Il programma autorizza il riacquisto di azioni ordinarie di Classe A per un valore massimo di 5,0 milioni di dollari.
L'azienda eseguirà il riacquisto attraverso vari mezzi, inclusi transazioni sul mercato aperto, acquisti in blocco e transazioni negoziate privatamente. L'implementazione sarà facilitata attraverso un piano di trading Rule 10b5-1, che consente il riacquisto di azioni durante i periodi in cui l'azienda potrebbe altrimenti essere limitata a causa delle leggi sul trading insider.
Il momento, il modo e il valore dei riacquisti saranno determinati da molteplici fattori, tra cui il prezzo di mercato, le condizioni economiche e le considerazioni aziendali. Il programma può essere sospeso o interrotto in qualsiasi momento e non obbliga l'azienda ad acquisire un numero specifico di azioni.
GEN Restaurant Group (GENK), propietario de GEN Korean BBQ, ha anunciado un importante programa de recompra de acciones aprobado por su junta directiva. El programa autoriza la recompra de acciones comunes Clase A por un valor de hasta 5.0 millones de dólares.
La empresa llevará a cabo la recompra a través de varios medios, incluyendo transacciones en el mercado abierto, compras en bloque y transacciones negociadas de manera privada. La implementación se facilitará a través de un plan de negociación Rule 10b5-1, que permite la recompra de acciones durante períodos en los que la empresa podría estar restringida debido a las leyes de comercio con información privilegiada.
El momento, la forma y el valor de las recompras serán determinados por múltiples factores, incluyendo el precio de mercado, las condiciones económicas y las consideraciones comerciales. El programa puede ser suspendido o interrumpido en cualquier momento y no obliga a la empresa a adquirir un número específico de acciones.
GEN Restaurant Group (GENK), GEN Korean BBQ의 소유자는 이사회에서 승인한 중요한 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 회사의 발행된 A등급 보통주를 최대 500만 달러까지 매입할 수 있도록 허가합니다.
회사는 공개 시장 거래, 블록 구매 및 비공식 협상 거래를 포함한 다양한 방법으로 매입을 실행할 것입니다. 이행은 내부자 거래 법률로 인해 회사가 제한될 수 있는 기간 동안 주식 매입을 허용하는 Rule 10b5-1 거래 계획을 통해 용이해질 것입니다.
매입의 시기, 방식 및 가치는 시장 가격, 경제 조건 및 비즈니스 고려 사항을 포함한 여러 요인에 따라 결정됩니다. 이 프로그램은 언제든지 중단되거나 종료될 수 있으며, 특정 수의 주식을 매입할 의무가 없습니다.
GEN Restaurant Group (GENK), propriétaire de GEN Korean BBQ, a annoncé un programme significatif de rachat d'actions approuvé par son conseil d'administration. Le programme autorise le rachat d'actions ordinaires de Classe A d'une valeur allant jusqu'à 5,0 millions de dollars.
L'entreprise effectuera le rachat par divers moyens, y compris des transactions sur le marché ouvert, des achats en bloc et des transactions négociées en privé. La mise en œuvre sera facilitée par un plan de trading Rule 10b5-1, permettant des rachats d'actions pendant des périodes où l'entreprise pourrait autrement être restreinte en raison des lois sur le commerce d'initiés.
Le timing, la manière et la valeur des rachats seront déterminés par plusieurs facteurs, y compris le prix du marché, les conditions économiques et les considérations commerciales. Le programme peut être suspendu ou interrompu à tout moment et n'oblige pas l'entreprise à acquérir un nombre spécifique d'actions.
GEN Restaurant Group (GENK), Eigentümer von GEN Korean BBQ, hat ein bedeutendes Aktienrückkaufprogramm bekannt gegeben, das von seinem Vorstand genehmigt wurde. Das Programm autorisiert den Rückkauf von bis zu 5,0 Millionen Dollar an ausstehenden Stammaktien der Klasse A des Unternehmens.
Das Unternehmen wird den Rückkauf durch verschiedene Mittel durchführen, einschließlich Transaktionen am offenen Markt, Blockkäufen und privat ausgehandelten Transaktionen. Die Umsetzung erfolgt durch einen Rule 10b5-1 Handelsplan, der den Aktienrückkauf in Zeiten ermöglicht, in denen das Unternehmen aufgrund von Insider-Handelsgesetzen möglicherweise eingeschränkt ist.
Der Zeitpunkt, die Art und der Wert der Rückkäufe werden durch mehrere Faktoren bestimmt, einschließlich Marktpreis, wirtschaftlicher Bedingungen und geschäftlicher Überlegungen. Das Programm kann jederzeit ausgesetzt oder eingestellt werden und verpflichtet das Unternehmen nicht, eine bestimmte Anzahl von Aktien zu erwerben.
- Authorization of $5.0 million stock buyback program indicates strong financial position
- Flexible repurchase structure allows optimization of share price and timing
- Implementation of 10b5-1 trading plan ensures continuous execution capability
- No guaranteed minimum number of shares to be repurchased
- Program can be suspended or discontinued at any time
- Capital allocation to buyback reduces funds available for business growth
CERRITOS, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, announced today that its board of directors approved a stock repurchase program authorizing the repurchase of up to
Under the stock repurchase program, the Company may purchase shares of its Common Stock from time to time through various means such as open market transactions, including block purchases, and privately negotiated transactions. The actual timing, manner, number, and value of shares repurchased under the stock repurchase program will be determined by the Company at its discretion and will depend on several factors, including the market price of the Common Stock, general market and economic conditions, applicable requirements, and other business considerations.
As part of the commencement of the stock repurchase program, the Company intends to enter into a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The 10b5-1 trading plan would permit Common Stock to be repurchased at a time that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The 10b5-1 trading plan will be administered by an independent broker and will be subject to price, market volume and timing restrictions.
About GEN Restaurant Group, Inc.
GEN Korean BBQ is one of the largest Asian casual dining restaurant concepts in the United States. Founded in 2011 by two Korean immigrants in Los Angeles, the brand has now grown to over 40 company-owned locations where guests serve as their own chefs, preparing meals on embedded grills in the center of each table. The extensive menu consists of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables. With its unique culinary experience alongside its modern décor and lively atmosphere, GEN Korean BBQ delivers an engaging and interactive dining experience that appeals to a vast segment of the population. For more information, visit GenKoreanBBQ.com and follow the brand on Facebook and Instagram.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as “believe,” “intend,” “expect”, “will,” “may”, and other similar words or expressions that predict or indicate future events. All statements that are not statements of historical fact are forward-looking statements, including any statements regarding the stock repurchase program, our strategy, future operations, and growth prospects, any statements regarding future economic conditions or performance, any statements of belief or expectation, and any statements of assumptions underlying any of the foregoing or other future events. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and in our subsequent filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.
Investor Relations Contact:
Cody Slach and Cody Cree
Gateway Group, Inc.
1-949-574-3860
GENK@gateway-grp.com
Media Relations Contact:
Zach Kadletz and Jade Bolton
Gateway Group, Inc.
1-949-574-3860
GENK@gateway-grp.com
FAQ
How much is GEN Restaurant Group (GENK) planning to spend on its stock buyback program?
What methods will GENK use to execute its stock repurchase program?
When will GENK's stock repurchase program begin and end?
How will GENK's Rule 10b5-1 trading plan affect the stock buyback?
