Lucas Board Authorizes Up to $6 Million Stock Buyback Plan-February 2024-www.financetom.com

Lucas Board Authorizes Up to $6 Million Stock Buyback Plan

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Lucas Board Authorizes Up to $6 Million Stock Buyback Plan

Aug 8, 2024 8:29 AM

11:06 AM EDT, 08/08/2024 (MT Newswires) -- Lucas GC (LGCL) said Thursday its board has authorized a stock repurchase plan of up to $6 million of the company's ordinary shares for one year, effective immediately.

The company said it intends to fund the repurchase program through its current cash and cash equivalents.

Shares of the company plunged 25% in recent Thursday trading.

Price: 1.32, Change: -0.44, Percent Change: -25.00

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