Andatee (AMCF) CEO An Enters Rule 10b5-1 Trading Plan
Tweet
Share
E-mail
Andatee China Marine Fuel Services Corporation (Nasdaq: AMCF) reports its Chief Executive Officer and Chairman of the Board, Fengbin An, adopted a share repurchase plan pursuant to the Exchange Act Rule 10b5-1, Rule 10b-18, and other applicable SEC legal requirements.
Under this plan, Mr. An may purchase up to a value of $2 million of the Company's common stock through September 19, 2012, subject to certain conditions. The timing and actual number of shares repurchased will depend on a variety of factors including regulatory restrictions on price, manner, timing, and volume, corporate and other regulatory requirements and other market conditions in an effort to minimize the impact of the purchases on the market for the stock. Rule 10b5-1 permits corporate officers, directors and others to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. There can be no assurance that any shares will be repurchased.
Under this plan, Mr. An may purchase up to a value of $2 million of the Company's common stock through September 19, 2012, subject to certain conditions. The timing and actual number of shares repurchased will depend on a variety of factors including regulatory restrictions on price, manner, timing, and volume, corporate and other regulatory requirements and other market conditions in an effort to minimize the impact of the purchases on the market for the stock. Rule 10b5-1 permits corporate officers, directors and others to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. There can be no assurance that any shares will be repurchased.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- enVVeno Medical (NVNO) files $100M mixed shelf
- Singularity Future Technology closes $5M registered direct offering
- Elroy Air wins $46M U.S. Army contract for cargo drone system
Create E-mail Alert Related Categories
Corporate News, Insider TradesRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
