Logistic Properties of the Americas authorizes 12-month $10M share repurchase
seekingalpha
2024-11-25
Logistic Properties of the Americas (NYSE:LPA) has announced that its Board of Directors has authorized a 12-month share repurchase program to buy back up to $10M of the Company's outstanding ordinary shares, effective November 22, 2024.
Under this program, LPA may repurchase its shares from time to time, based on equity market conditions, legal requirements, and other corporate considerations, under a 10b5-1 plan or similar trading arrangement.
The Company intends to fund any repurchase of its shares using cash from operations. Any repurchased shares will be held in LPA’s treasury.