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Stock impact report

Hawthorn Bancshares Announces Authorization of Funds for Its Common Stock Repurchase Program

Hawthorn Bancshares, Inc. (HWBK) 
US:NASDAQ Investor Relations: hawthornbancshares.com
Company Research Source: GlobeNewswire
JEFFERSON CITY, Mo., Sept. 19, 2019 (GLOBE NEWSWIRE) -- Hawthorn Bancshares Inc. (NASDAQ: HWBK), yesterday announced that the Board of Directors authorized the purchase of up to $5.0 million market value of Hawthorn Bancshares’ common stock. Management was given discretion to determine the number and pricing of the shares to be purchased, as well as, the timing of any such purchases. The Company intends to purchase its shares through broker dealers selected in compliance with applicable securities laws at prices for the common stock prevailing from time to time in NASDAQ’s National Market. The repurchased shares will be held in treasury and may be used by the Company for general corporate purposes, including stock-based employee benefit plans and stock dividends. It is expected that the stock repurchases will be funded by cash generated through cash on hand, operations and other sources. At September 18, 2019, the Company had 6,276,236 common shares outstanding. About Hawthorn Ba Show less Read more
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