PFS Bancorp, Inc. Authorizes Stock Repurchase Program
PFS Bancorp (OTCQB: PFSB), the holding company for Peru Federal Savings Bank, has announced a stock repurchase program authorizing the buyback of up to 172,500 shares of its common stock, representing 10% of outstanding shares. The company plans to conduct repurchases on the open market, including through a trading plan under SEC Rule 10b5-1, subject to market conditions. The program may be suspended or discontinued at any time, and there is no guarantee regarding the final number of shares to be repurchased.
PFS Bancorp (OTCQB: PFSB), la holding per Peru Federal Savings Bank, ha annunciato un programma di riacquisto di azioni autorizzando il buyback di un massimo di 172.500 azioni delle sue azioni ordinarie, che rappresentano il 10% delle azioni in circolazione. L'azienda prevede di eseguire i riacquisti sul mercato aperto, anche attraverso un piano di trading secondo la Regola 10b5-1 della SEC, soggetto alle condizioni di mercato. Il programma può essere sospeso o interrotto in qualsiasi momento e non ci sono garanzie riguardo al numero finale di azioni da riacquistare.
PFS Bancorp (OTCQB: PFSB), la empresa matriz de Peru Federal Savings Bank, ha Anunciado un programa de recompra de acciones autorizando la recompra de hasta 172,500 acciones de sus acciones comunes, lo que representa el 10% de las acciones en circulación. La empresa planea realizar las recompras en el mercado abierto, incluso a través de un plan de negociación bajo la Regla 10b5-1 de la SEC, sujeto a las condiciones del mercado. El programa puede ser suspendido o descontinuado en cualquier momento, y no hay garantía sobre el número final de acciones que se recomprarán.
PFS Bancorp (OTCQB: PFSB), 페루 연방 저축은행의 모회사,가 주식 재매입 프로그램을 발표하며 최대 172,500주의 보통주 매입을 승인했습니다. 이는 발행 주식의 10%에 해당합니다. 회사는 시장 상황에 따라 SEC 규칙 10b5-1에 따른 거래 계획을 포함하여 공개 시장에서 재매입을 진행할 계획입니다. 이 프로그램은 언제든지 중단되거나 종료될 수 있으며, 재매입할 최종 주식 수에 대한 보장은 없습니다.
PFS Bancorp (OTCQB: PFSB), la société holding de la Peru Federal Savings Bank, a annoncé un programme de rachat d'actions autorisant le rachat de jusqu'à 172 500 actions de ses actions ordinaires, représentant 10 % des actions en circulation. L'entreprise prévoit de réaliser des rachats sur le marché libre, y compris par le biais d'un plan de négociation conformément à la règle 10b5-1 de la SEC, sous réserve des conditions du marché. Le programme peut être suspendu ou interrompu à tout moment et il n'y a aucune garantie quant au nombre final d'actions qui seront rachetées.
PFS Bancorp (OTCQB: PFSB), die Holdinggesellschaft der Peru Federal Savings Bank, hat ein Aktienrückkaufprogramm angekündigt, das den Rückkauf von bis zu 172.500 Aktien ihrer Stammaktien autorisiert, was 10 % der ausstehenden Aktien entspricht. Das Unternehmen plant, Rückkäufe auf dem offenen Markt durchzuführen, auch durch einen Handelsplan gemäß der SEC-Regel 10b5-1, der von den Marktbedingungen abhängt. Das Programm kann jederzeit ausgesetzt oder eingestellt werden, und es gibt keine Garantie für die endgültige Anzahl der zurückzukaufenden Aktien.
- Authorization to repurchase 10% of outstanding shares (172,500 shares)
- Stock buyback program indicates management's confidence in company value
- Potential increase in earnings per share through share count reduction
- No specified timeline for the buyback completion
- Program can be suspended or discontinued at any time
- Cash outflow for share repurchases may reduce capital available for other investments
The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The Company may suspend or discontinue the program at any time.
About Peru Federal Savings Bank
Originally chartered in 1887, Peru Federal Savings Bank is a federally-chartered stock savings bank that conducts its business from its main office and a branch office, both located in
Forward-Looking Statements
This press release contains certain forward-looking statements about the stock repurchase program. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include the Company’s inability to execute the repurchase program due to stock market conditions or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241205885578/en/
Eric J. Heagy
President, Chief Executive Officer and Chief Financial Officer
PFS Bancorp, Inc.
(815) 223-4300
Source: PFS Bancorp, Inc.
FAQ
How many shares is PFSB authorized to repurchase in its new buyback program?
How will PFSB conduct its stock repurchase program?
Can PFSB's stock repurchase program be terminated?
