India, May 15 -- Foresight Financial Group, Inc. (FGFH) Friday announced a Board approval to repurchase up to $5 million of its common stock, which will remain in effect until June 30, 2027.
The bank holding company headquartered in Illinois adopted a trading plan under the Rule 10b5-1 Plan, and accordingly third-party broker will have the authority to repurchase shares on its behalf. Purchases will be in accordance with the limitations set forth in, Rule 10b-18 under the Exchange Act and other applicable legal requirements.
Peter Morrison, chief executive officer said, "We are pleased to be offering this program as a source of liquidity to our shareholders and believe that the repurchase of shares at the current market price will create ...