Bladex Announces $50,000,000 Common Stock Repurchase Plan
Under the stock repurchase plan, the Bank may, from time to time in the future, purchase shares of its common stock through open market transactions, privately negotiated transactions, forward, derivative, or accelerated repurchase transactions, tender offers or through other legally permissible means, depending on the market conditions and in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Bank may commence such repurchases immediately, subject to compliance with applicable securities laws. The Bank may enter into a pre-arranged stock trading plan in accordance with the guidelines specified under Rule 10b5-1 to effectuate the Bank's new stock repurchase program. However, the Bank has no obligation to repurchase shares and the timing, actual number, and value of shares to be repurchased is subject to management's discretion and will depend on the Bank's capital position, liquidity, financial performance and alternative uses of capital, stock trading price, regulatory requirements, and other market conditions. The Board will review the stock repurchase plan periodically and may authorize adjustment of its terms and size or suspend or discontinue the program. The Bank may, in the sole discretion of its Board, terminate the repurchase program at any time while it is in effect.
Forward-Looking Statements
This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about those factors is contained in Bladex's most recent reports filed on Form 20-F with, and furnished on Form 6-K to, the
About Bladex
Bladex, a multinational bank originally established by the central banks of Latin-American and
Bladex is listed on the NYSE in
For further information on Bladex, please access its website at www.bladex.com or contact:
E-mail address: craad@bladex.com / ir@bladex.com. Tel.: (+507) 366-4925 ext. 7925
Head Office Address: Torre V,
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