Logistic Properties of the Americas authorizes 12-month $10M share repurchase

seekingalpha
25 Nov 2024
  • 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.

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