Posted On: 07/02/2014 3:16:33 PM
Post# of 29744
$WDAS - Current price is 1.19 and up 3% with 7.5 million shares outstanding. World Assurance Group, Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) announced that it has already commenced its stock repurchase program.
The repurchase program permits World Assurance Group, Inc. to repurchase up to 2,000,000 shares of its common stock as part of an overall capital restructuring, at such times and market price or prices as management may deem appropriate. This common share buyback program will be reviewed by the Company's Board on at least a quarterly basis.
The Company commenced share repurchase on June 20th, 2014 and over the last week has purchased a total of 16,000 shares at an average price of $1.22 per share.
Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.
The repurchase program permits World Assurance Group, Inc. to repurchase up to 2,000,000 shares of its common stock as part of an overall capital restructuring, at such times and market price or prices as management may deem appropriate. This common share buyback program will be reviewed by the Company's Board on at least a quarterly basis.
The Company commenced share repurchase on June 20th, 2014 and over the last week has purchased a total of 16,000 shares at an average price of $1.22 per share.
Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.
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