Gaming Partners (GPIC) Increases Buyback

December 3, 2012 9:11 AM EST
Gaming Partners International Corporation (Nasdaq: GPIC) approved an increase of 88,561 shares under the Company's existing share repurchase program, and, to assist the implementation of such program, has also adopted a 10b5-1 Purchase Plan. Under the 10b5-1 Purchase Plan, the Company has engaged a broker to purchase certain share amounts in open market transactions. All repurchases remain subject to the limitations under SEC Rule 10b-18, which provides safe harbor restrictions on open market repurchases.

As amended, the total number of shares authorized for repurchase under the repurchase program is 400,000 shares, or approximately 4.9 percent of the Company's currently outstanding common stock. Since the repurchase program was adopted in December 2011, the Company has purchased 98,512 shares. The remaining terms of the repurchase program as previously adopted by the Board of Directors remain in full force and effect

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