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Article: TAT Technologies Ltd. Approves a Stock Repurchase Plan Under Rule 10b5-1 of the Securities Exchange Act of 1934.
- Article from:
- PR Newswire
- Article date:
- August 18, 2009
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GEDERA, Israel, August 18 /PRNewswire-FirstCall/ -- TAT Technologies Ltd. announced that on August 13, 2009, its Board of Directors approved a stock repurchase plan under Rule 10b5-1 of the Securities Exchange Act of 1934. The plan will be in effect for a period of six months (subject to extension) and will provide for the purchase of shares in an aggregate amount of up to 2 million U.S. dollars.
Commenting on the repurchase program, Mr. Giora Inbar, the Chairman of the Board, said, "We believe that the current market price of the Company's ordinary shares does not adequately reflect the business and resources of the Company, This stock repurchase plan, ...