Oconee Federal Financial Corp. Announces Stock Repurchase Plan [Yahoo! Finance]
OCONEE FEDERAL FINCL CORP (OFED)
US:NASDAQ Investor Relations:
oconeefederal.com/about-us.aspx
Company Research
Source: Yahoo! Finance
Savings and Loan Association, announced an authorized stock repurchase program pursuant to which the Company intends to purchase up to 50,000 of its issued and outstanding shares of common stock, which represents approximately 0.86% of the Company's issued and outstanding shares. The timing of the purchases will depend on certain factors, including but not limited to, market conditions and prices, available funds and alternative uses of capital. The stock repurchase program may be carried out through open-market purchases, block trades, negotiated private transactions and pursuant to a trading plan that will be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. Any repurchased shares will be held by the Company as treasury shares. About Oconee Federal Oconee Federal Financial Corp. (OTCQX: OFED) is the holding company of Oconee Federal Savings and Loan Association. Oconee Federal Savings and Loan Association is a federally chartered savings and loan
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