Andrii Dodonov
- International General Insurance Holdings (NASDAQ:IGIC) said on Tuesday that the board has increased the size of the insurer’s existing share repurchase program by 2.5M shares to 7.5M shares of the issued and outstanding common stock.
- IGIC shares were trading -0.21% pre-market.
- The prior 5M stock buyback program was announced in May 2022.
- The company had 475,203 shares pending for purchase as of June 10 market close under the 5M share repurchase authorization, and now has 2,975,203 shares remaining under the 7.5M program.
- The remaining repurchases are expected to be made at prevailing prices in the open market, in privately negotiated transactions, block trades, or other transactions.
- Source: Press Release
