Board OKs stock buy back

0

VERSAILLES — Versailles Financial Corp., the holding company for Versailles Savings and Loan Co., has announced that its board of directors has authorized a program to repurchase up to $1.2 million worth of the company’s outstanding shares of common stock.

The repurchase program will begin on or about May 27. The timing and amount of any repurchases will depend on various factors, including but not limited to, market conditions and prices and alternative uses of capital. Repurchases may be transacted in the open market, in block trades or in negotiated private transactions.

Jerry Bey, president and chief executive officer, said, “We are pleased to announce the repurchase program. We believe the deployment of some of our capital to repurchase our shares is warranted and in the best interests of our stockholders.”

Staff report

No posts to display