Armada Hoffler's Board of Directors has authorized the repurchase of up to $50 million worth of its common stock and Series A preferred stock
Buybacks
June 15, 2023
Armada Hoffler, a real estate company, has recently made an exciting announcement regarding a new share repurchase program. The company's Board of Directors has authorized the repurchase of up to $50 million worth of its common stock and Series A preferred stock. This move demonstrates Armada Hoffler's confidence in its future prospects and underscores its commitment to creating value for shareholders.
Under this newly established share repurchase program, Armada Hoffler has various options for buying back its shares. The company may choose to repurchase shares through open market transactions, block purchases, privately negotiated deals, or by using trading plans that comply with Rule 10b5-1.
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