Mannatech Launches $1.5M Stock Repurchase Plan – Mannatech (NASDAQ:MTEX)

Mannatech Launches $1.5M Stock Repurchase Plan – Mannatech (NASDAQ:MTEX)

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  • 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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