AgriFORCE Announces Share Repurchase Program
17 Giugno 2024 - 2:15PM
AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI;
AGRIW), an intellectual property (IP) focused AgTech company,
announces a share repurchase program.
The Company’s Board of Directors (the “Board”) today authorized
a share repurchase program under which the Company may repurchase
up to $1 million of its outstanding common shares, for a period of
six months, subject to contractual requirements (the “Repurchase
Program”). The Board will periodically review the Company’s
Repurchase Program and may decide to extend its term or increase
the authorized amount.
Under the Repurchase Program, effective immediately, the Company
may repurchase common shares in privately negotiated or open-market
transactions in accordance with applicable securities laws and
regulations, including Rule 10b-18 of the Securities Exchange Act
of 1934, as amended, and pursuant to a trading plan adopted in
accordance with Rule 10b5‐1 of the Securities Exchange Act of
1934.
The specific timing and amount of repurchases, if any, will be
at the discretion of the Company’s management team, and will depend
upon a variety of factors, including market conditions, regulatory
requirements, capital allocation alternatives, and other corporate
considerations. The Company is not obligated under the program to
purchase any common shares. The repurchase program may be suspended
or discontinued at any time.
ABOUT AGRIFORCEAgriFORCE Growing Systems Ltd.
(NASDAQ: AGRI; AGRIW) is an AgTech company focused on building an
integrated AgTech platform that combines the best technology,
intellectual property, and knowledge to solve an urgent problem –
providing the best solutions to help drive sustainable crops and
nutritious food for people around the world. The AgriFORCE vision
is to be a global leader in delivering plant-based foods and
products through an advanced and sustainable AgTech platform that
makes positive change in the world—from seed to table. Additional
information about AgriFORCE is available
at: www.agriforcegs.com.
Follow AgriFORCE on Twitter: @agriforcegsFollow AgriFORCE
on Facebook: AgriFORCE Growing Systems Ltd.Connect with
AgriFORCE on LinkedIn: AgriFORCE Growing Systems Ltd.
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Statements other than
statements of historical facts included in this press release may
constitute forward-looking statements and are not guarantees of
future performance, condition or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in our filings
with the Securities and Exchange Commission and elsewhere. The
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release. This announcement is for informational
purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy securities of the issuer. Any offer
to sell or solicitation of an offer to buy securities of the issuer
may only be made pursuant to a valid prospectus pursuant to an
effective registration statement or pursuant to a valid exemption
from registration under the Securities Act of 1933, as amended and
the rules and regulations promulgated thereunder.
Investor Relations:Richard Wong,
CFO, rwong@agriforcegs.com
CORE IRinvestorrelations@agriforcegs.com
Grafico Azioni AgriFORCE Growing Systems (NASDAQ:AGRIW)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni AgriFORCE Growing Systems (NASDAQ:AGRIW)
Storico
Da Gen 2024 a Gen 2025