Moving Image Technologies has announced that its board of directors has renewed its prior authorization of a share repurchase program permitting the company to purchase up to an aggregate of $1 million of common stock over the next 12 months.
Purchases made under the program will be made from time to time, at the company’s discretion, in the open market, through privately negotiated transactions or through other manners as permitted by federal securities laws.
The timing, manner, price and amount of any repurchases will be determined by the company and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors.
The repurchase program may be suspended, terminated, or modified at any time for any reason, including market conditions, the cost of repurchasing shares, liquidity, and other factors deemed appropriate.
These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate MiT to purchase any shares.
Moving Image Technologies www.movingimagetech.com