New Frontier Media (NOOF) Approves One Million Share Buyback Program
NOOF Hot Sheet
Revenue Growth %: -28.2%
New Frontier Media, Inc. (Nasdaq: NOOF) has authorized a new program for the repurchase of up to 1,000,000 shares, or approximately 5%, of the Company's outstanding common stock, over the next 31 months.
"We are continuously evaluating opportunities to utilize our capital to more effectively enhance shareholder value," noted Michael Weiner, chief executive officer of New Frontier Media, Inc. "Under previously authorized programs and transactions, we have repurchased 5.2 million shares of our common stock at an average price of $2.93 per share, and we currently have 19.5 million shares outstanding."
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"We are continuously evaluating opportunities to utilize our capital to more effectively enhance shareholder value," noted Michael Weiner, chief executive officer of New Frontier Media, Inc. "Under previously authorized programs and transactions, we have repurchased 5.2 million shares of our common stock at an average price of $2.93 per share, and we currently have 19.5 million shares outstanding."
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