American Vanguard Corporation Announces Share Repurchase Program
25 Maio 2023 - 9:30AM
Business Wire
American Vanguard Corporation (NYSE: AVD) today announced that
the Company’s Board of Directors has approved a program for
repurchasing up to $15 million of common stock within the
requirements of Exchange Act Rule 10b-18 over the next twelve
months. It is expected that this program will commence during the
first week of June 2023.
Eric Wintemute, Chairman and CEO of American Vanguard, stated,
“This authorization to repurchase shares reflects the strong degree
of confidence that our Board of Directors has in the strength of
AVD’s core business, as well as our strategic growth initiatives.
New biological crop protection and nutrition products in the Green
Solutions portfolio and SIMPAS/Ultimus prescription application
technologies for enhanced agricultural productivity and
environmental sustainability are fundamentally transforming AVD
into a technology-driven enterprise. In the collective interest of
all shareholders, management and the Board believe that it is
beneficial to take appropriate opportunities to acquire outstanding
shares that we feel are undervalued to the expected success of the
company in coming years.”
About American Vanguard
American Vanguard Corporation is a diversified specialty and
agricultural products company that develops, manufactures, and
markets solutions for crop protection and nutrition, turf and
ornamentals management, commercial and consumer pest control.
American Vanguard is included on the Russell 2000® & Russell
3000® Indexes and the Standard & Poors Small Cap 600 Index. To
learn more about American Vanguard, please reference the Company’s
web site at www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking
information. Except for the historical information contained in
this release, all forward-looking statements are estimates by the
Company’s management and are subject to various risks and
uncertainties that may cause results to differ from management’s
current expectations. Such factors include weather conditions,
changes in regulatory policy and other risks as detailed from
time-to-time in the Company’s SEC reports and filings. All
forward-looking statements, if any, in this release represent the
Company’s judgment as of the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230525005339/en/
Company Contacts: American Vanguard Corporation William
A. Kuser, Director of Investor Relations (949) 260-1200
williamk@amvac.com
Investor Representative The Equity Group Inc.
www.theequitygroup.com Lena Cati (212) 836-9611
Lcati@equityny.com
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