From TokenPost · · 50s
Performance Shipping Board Approves $4M Share Buyback
Performance Shipping Inc. authorizes up to $4 million in share repurchases through June 2027.
In brief
Performance Shipping Inc. authorizes up to $4 million in share repurchases through June 2027. Performance Shipping Inc. approved a share buyback of up to $4 million through June 30, 2027. Originally reported by TokenPost.
Board Approval
Performance Shipping Inc.’s board approved a share repurchase authorization of up to $4 million, giving the company through June 30, 2027, to buy back its common shares.
Effective Immediately
The authorization took effect immediately. Performance Shipping may repurchase shares in the open market or through a Rule 10b5-1 trading plan.
Flexibility in Execution
The method and timing of any purchases will depend on market conditions and management’s discretion. The company is not required to buy any shares and may modify or suspend the authorization at any time.
Here's the gist
Performance Shipping Inc. approved a share buyback of up to $4 million through June 30, 2027.
