Cosmos Health Share Buyback Expands to 5.11 Million Shares

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Cosmos Health has repurchased an additional 274,000 shares of its common stock in the open market at an average price of approximately $0.2554 per share, bringing the total shares repurchased under its previously announced $5 million share repurchase program to 5,112,000 shares for approximately $1.11 million. The company intends to continue making open market repurchases, subject to market conditions, under the program which expires on December 31, 2026 and may be renewed at the company's sole discretion. CEO Greg Siokas stated that reaching over five million shares repurchased underscores the company's commitment to the program and its belief that the shares remain undervalued.

Impact on stocks 1

Health Care · 1 stocks
Cosmos Health Inc.
COSM
▲ PositiveCapitalrelevance

Company expands share buyback program, signaling belief that shares are undervalued.