Leatt Corp.’s Board of Directors authorized a new share repurchase program for up to $419,410 of the company’s outstanding common stock.
“We are pleased that our Board of Directors has authorized the continuation of our previously announced share repurchase program which authorized a repurchase of common stock to the value of $ 750,000,” said Sean Macdonald, chief executive officer of the South Africa-based maker of protective gear for MOTO, MTB, and other action sports. “The Board approved the new shareholder repurchase plan of up to $419,410 of the company’s outstanding common stock, which is the balance remaining of the previous plan. We believe that this demonstrates our continued confidence in the strength of the Company and our business plan, as well as our commitment to enhance long-term shareholder value.”
Repurchases may be made from time to time at the discretion of the Board of Directors through open-market transactions in accordance with applicable securities laws. The repurchase program expires on December 31, 2026.
Image courtesy Leatt Corp.
