Versant (VSNT) Authorizes $5M Common Buyback
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Versant's (Nasdaq: VSNT) Board of Directors has approved a new stock repurchase program. Under the program, Versant is authorized to repurchase up to $5.0 million worth of its outstanding common shares from time to time on the open market, in block trades or otherwise.
Whether any such repurchases are made will depend on market conditions, the share price and other factors. The program may be suspended, discontinued or extended at any time and no assurance can be given that any stock repurchases will in fact be made under this program. Any repurchases made under the program are expected to be funded from the Company's working capital.
Whether any such repurchases are made will depend on market conditions, the share price and other factors. The program may be suspended, discontinued or extended at any time and no assurance can be given that any stock repurchases will in fact be made under this program. Any repurchases made under the program are expected to be funded from the Company's working capital.
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