REGENCY AFFILIATES ANNOUNCES REPURCHASE OF 331,500 SHARES
Regency Affiliates, Inc. (OTC Pink: RAFI) has announced a significant stock repurchase. On October 17, 2024, the company acquired 331,500 shares of its outstanding common stock in a privately negotiated transaction with an unaffiliated shareholder. The total purchase price was $1,740,375, equating to $5.25 per share.
Regency intends to retire the repurchased shares in the near future. CEO Laurence Levy expressed satisfaction with the stock repurchase, stating that the company believes it will be accretive to the remaining shareholders. This move demonstrates Regency's commitment to enhancing shareholder value through strategic financial management.
Regency Affiliates, Inc. (OTC Pink: RAFI) ha annunciato un'importante riacquisizione di azioni. Il 17 ottobre 2024, la società ha acquisito 331.500 azioni del proprio capitale sociale in una transazione privatamente negoziata con un azionista non collegato. Il prezzo totale di acquisto è stato di $1.740.375, pari a $5,25 per azione.
Regency ha intenzione di ritirare le azioni riacquistate nel prossimo futuro. Il CEO Laurence Levy ha espresso soddisfazione per la riacquisizione, dichiarando che l'azienda crede che sarà accretiva per gli azionisti rimanenti. Questa mossa dimostra l'impegno di Regency a migliorare il valore per gli azionisti attraverso una gestione finanziaria strategica.
Regency Affiliates, Inc. (OTC Pink: RAFI) ha anunciado una importante recompra de acciones. El 17 de octubre de 2024, la empresa adquirió 331,500 acciones de sus acciones ordinarias en una transacción negociada privadamente con un accionista no afiliado. El precio total de compra fue de $1,740,375, equivalente a $5.25 por acción.
Regency tiene la intención de retirar las acciones recompradas en un futuro próximo. El CEO Laurence Levy expresó su satisfacción con la recompra de acciones, afirmando que la empresa cree que será acreativo para los accionistas restantes. Este movimiento demuestra el compromiso de Regency de aumentar el valor para los accionistas a través de una gestión financiera estratégica.
Regency Affiliates, Inc. (OTC Pink: RAFI)가 중요한 자사주 매입을 발표했습니다. 2024년 10월 17일, 회사는 비연계 주주와의 비공식 협상으로 331,500주의 보통주를 매입했습니다. 총 매입가는 $1,740,375로, 주 당 $5.25에 해당합니다.
Regency는 매입한 주식을 가까운 미래에 퇴출할 계획입니다. CEO 로렌스 레비는 주식 매입에 대한 만족감을 표시하며 회사가 남은 주주들에게 긍정적인 영향을 줄 것이라고 믿고 있다고 전했습니다. 이 조치는 전략적 재무 관리를 통해 주주 가치를 향상시키려는 Regency의 의지를 보여줍니다.
Regency Affiliates, Inc. (OTC Pink: RAFI) a annoncé un important rachat d'actions. Le 17 octobre 2024, la société a acquis 331.500 actions de ses actions ordinaires dans le cadre d'une transaction négociée en privé avec un actionnaire non affilié. Le prix total d'achat s'élevait à $1.740.375, soit $5,25 par action.
Regency a l'intention de retirer les actions rachetées dans un avenir proche. Le PDG Laurence Levy a exprimé sa satisfaction concernant le rachat d'actions, affirmant que l'entreprise pense que cela sera bénéfique pour les actionnaires restants. Ce mouvement démontre l'engagement de Regency à accroître la valeur pour les actionnaires par une gestion financière stratégique.
Regency Affiliates, Inc. (OTC Pink: RAFI) hat eine bedeutende Aktienrückkaufaktion angekündigt. Am 17. Oktober 2024 erwarb das Unternehmen 331.500 Aktien seiner ausstehenden Stammaktien in einer privat verhandelten Transaktion mit einem nicht verbundenen Aktionär. Der Gesamtpreis betrug $1.740.375, was $5,25 pro Aktie entspricht.
Regency plant, die zurückgekauften Aktien in naher Zukunft einzuziehen. CEO Laurence Levy äußerte seine Zufriedenheit mit dem Aktienrückkauf und erklärte, dass das Unternehmen glaubt, es werde den verbleibenden Aktionären zugutekommen. Dieser Schritt zeigt das Engagement von Regency, den Aktionärswert durch strategisches Finanzmanagement zu steigern.
- Repurchase of 331,500 shares at $5.25 per share, potentially increasing value for remaining shareholders
- Total investment of $1,740,375 in share buyback, showing confidence in company's financial position
- Intention to retire repurchased shares, which could lead to increased earnings per share
- Significant cash outlay of $1,740,375 for share repurchase, potentially impacting available funds for other investments or operations
Laurence Levy, CEO of Regency commented "We are happy to announce the stock repurchase and believe it is accretive to the Company's remaining shareholders."
About Regency Affiliates
Regency Affiliates, Inc. invests in businesses that generate attractive, predictable and sustainable returns on capital. We are currently invested in two assets:
- A portfolio of five stand-alone self-storage facilities in the
Harrisburg, Pennsylvania vicinity comprising approximately 337,000 square feet of net rentable space in excess of 2,500 climate and non-climate-controlled storage units; and - A
50% limited partnership interest in the Security West Complex located on 34.3 acres inWoodlawn, Maryland . The facility was occupied under a lease with the United States General Services Administration until November 1, 2023, since which the facility has been vacant.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are statements that are predictive in nature or depend on or refer to future events and can be identified by the words "may," "might," "will," "should," "anticipate," "believe," "expect," "intend," "estimate," "hope," or similar expressions. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy or are otherwise beyond our control and some of which might not even be anticipated. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Future events and actual results affecting our strategic plan as well as our financial position, results of operations and cash flows, could differ materially from those described in or contemplated by the forward-looking statements. Important factors that contribute to such risks include, but are not limited to, a default or catastrophe involving the properties in which we invest, the extent to which we are able to raise additional capital, and competition for additional investment opportunities. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For a more detailed description of these uncertainties and other factors, please see our website at www.regencyaffiliates.com.
View original content:https://www.prnewswire.com/news-releases/regency-affiliates-announces-repurchase-of-331-500-shares-302279560.html
SOURCE Regency Affiliates, Inc.
FAQ
How many shares did Regency Affiliates (RAFI) repurchase on October 17, 2024?
What was the price per share for RAFI's stock repurchase in October 2024?
What is the total value of Regency Affiliates' (RAFI) stock repurchase announced in October 2024?
What does Regency Affiliates (RAFI) plan to do with the repurchased shares?
