- Mannatech Inc MTEX The Board of Directors has approved a share buyback Program to acquire up to $1.5 million of its outstanding shares.
- Authorized repurchases are made from time to time in the open market through block trades or privately negotiated transactions.
- The timing, size and nature of share repurchases are at management’s discretion.
- The buyback program begins on September 19, 2022 and ends on September 18, 2023 or when the target is met, whichever is earlier.
- The Company intends to fund the buybacks with available cash.
- Mannatech held approximately $22 million in cash and equivalents from June 30, 2022.
- Price promotion: MTEX shares are trading up 5.75% at $18.40 on the latest check Tuesday.
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