Business First Bancshares, Inc., Announces Stock Repurchase Program
Business First Bancshares, Inc., Announces Stock Repurchase Program |
[14-December-2018] |
BATON ROUGE, La., Dec. 14, 2018 /PRNewswire/ -- Business First Bancshares, Inc. ("Business First") (NASDAQ: BFST), the holding company for Business First Bank, today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, Business First may repurchase shares of its common stock with an aggregate purchase price of up to $15,000,000 during the 24-month period beginning on December 13, 2018.
The stock repurchase program permits management for Business First to acquire shares of Business First common stock from time to time in the open market in accordance with Rule 10b-18 of the Securities and Exchange Commission or in privately negotiated transactions at prices management considers to be attractive and in the best interest of Business First and its shareholders. The stock repurchase program does not obligate Business First to repurchase shares of its common stock, and there is no assurance that Business First will do so. Any repurchases are subject to compliance with applicable laws and regulations. Repurchases will be conducted in consideration of general market and economic conditions, the financial and regulatory condition of Business First and Business First Bank, Business First's liquidity needs, and other factors management considers to be important. The stock repurchase program may be modified, suspended or discontinued at any time at the discretion of the Board. About Business First Bancshares, Inc. Forward-Looking Statements View original content to download multimedia:http://www.prnewswire.com/news-releases/business-first-bancshares-inc-announces-stock-repurchase-program-300765880.html SOURCE Business First Bancshares, Inc. | ||
Company Codes: NASDAQ-NMS:BFST |
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