Manhattan Bridge Capital (LOAN) Approves 150k Common Stock Buyback Plan
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Manhattan Bridge Capital, Inc. Announces the Buy-Back of up to 150,000 of Its Common Shares
August 26, 2015 7:00 AM EDTLONG ISLAND, N.Y., Aug. 26, 2015 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced that its Board of Directors has authorized a common stock repurchase allowing the buyback of up to 150,000 common shares in market or off-market transactions at prevailing prices over the next twelve months.
The manner, timing and number of shares purchased will be at the Companys discretion.
Assaf Ran, Chairman of the Board and CEO stated, The Company and its Board have decided to approve this stock buy-back program in order to be able to take advantage of... More
