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Lendway, Inc. (NASDAQ:LDWY) ("Lendway") announced today that its Board of Directors has authorized a new stock repurchase program of up to 400,000 of the company's outstanding common stock, par value $.01 per share.
The shares may be purchased by Lendway from time to time in open market transactions at prevailing market prices, in privately negotiated transaction, or by other means in accordance with federal securities laws. The manner, timing, number and prices of shares purchased by Lendway under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of Lendway's common stock, general market and economic conditions, and applicable legal requirements. The Repurchase Program does not obligate Lendway to acquire any particular amount of its common stock or to acquire shares on any particular timetable and may be suspended or discontinued at any time in Lendway's discretion.
Posted In: LDWY
