Live Ventures Discloses Open-Market Purchase of 79,000 Shares Under Stock Repurchase Program
Live Ventures Incorporated (LIVE)
US:NASDAQ Investor Relations:
ir.live-ventures.com
Company Research
Source: GlobeNewswire
LAS VEGAS, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Live Ventures Incorporated, (Nasdaq:LIVE), (the “Company”), a diversified holding company, today confirms that it has been actively repurchasing stock on the open market under its stock repurchase program resulting in the accumulation of approximately 79,000 shares since inception of the program through July 2017. These shares represent approximately four percent of the total common shares of Live Ventures. The shares were purchased at an average price of $10.27 per share. “Management and long term stockholders are thankful and applaud the opportunity to repurchase shares of our company at what we strongly believe is a significant discount to the company’s intrinsic value,” said Jon Isaac, CEO of Live Ventures. “We believe these purchases are, by far, the best use of our stockholders’ money at this time.” In addition to the approximately 79,000 shares repurchased under the stock repurchase program, Mr. Isaac, and Director, Dennis Gao
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