CTG (CTGX) Extends 10b5-1 Plan for Stock Buybacks
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CTG (NASDAQ: CTGX) has extended a stock repurchase plan under Rule 10b5-1 of the Securities and Exchange Commission (the "Company 10b5-1 Plan") to facilitate the repurchase of its common stock. The Company had approximately 860,000 shares available for repurchase as of December 31, 2011 under its outstanding repurchase authorizations.
"We are again extending our 10b5-1 plan as it gives us the ability to repurchase shares during our self-imposed blackout periods prior to the announcement of quarterly results," said CTG Chairman and Chief Executive Officer James R. Boldt.
The plan is effective from January 5, 2012 until the day following the Company's release of its 2011 fourth quarter and full year financial results.
"We are again extending our 10b5-1 plan as it gives us the ability to repurchase shares during our self-imposed blackout periods prior to the announcement of quarterly results," said CTG Chairman and Chief Executive Officer James R. Boldt.
The plan is effective from January 5, 2012 until the day following the Company's release of its 2011 fourth quarter and full year financial results.
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