A2Z Cust2Mate Solutions (NASDAQ: AZ) announced that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $20 million of its outstanding common shares in the open market over a period of up to three months. The company stated that the repurchase program reflects its view that the current market price of its common shares does not fully reflect its underlying value and prospects and represents an appropriate use of financial resources to enhance shareholder value. Oppenheimer & Co. Inc. has been engaged as broker for the program, which may be executed through open market transactions or other permitted methods in compliance with applicable SEC rules, with shares repurchased to be returned to treasury and canceled.
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