Ledyard Financial Group Announces Stock Repurchase Plan
31 Octobre 2013 - 8:32PM
Business Wire
Ledyard Financial Group, Inc. (Ticker Symbol: LFGP) today
announced that its Board of Directors on October 25, 2013
authorized a stock repurchase plan pursuant to which Ledyard
Financial Group may repurchase up to 40,000 shares of its common
stock. Ledyard’s Board of Directors and management team are
committed to maximizing shareholder value and feel the recent
increase in the dividend along with the stock repurchase plan
demonstrate their commitment to this goal.
Any repurchases will be made in the open market at prevailing
market prices or in privately negotiated transactions in accordance
with all applicable securities laws and regulations and are
intended to make appropriate adjustments to the Company’s capital
structure, meeting the share requirements of stock option plans and
for general corporate purposes. Such repurchases will be made from
time to time, subject to market conditions, at the discretion of
Ledyard Financial Group management.
Ledyard Financial Group, Inc., headquartered in Hanover, New
Hampshire, is the holding company for Ledyard National Bank.
Ledyard National Bank, founded in 1991, is a full service community
bank offering a broad range of banking, investment, tax, and wealth
management services in the Dartmouth-Lake Sunapee Region. Ledyard
National Bank has eight offices with locations in Hanover, Lebanon,
Lyme, New London, and West Lebanon, New Hampshire and in Norwich,
Vermont.
Ledyard Financial Group, Inc. shares can be bought and sold
through the NASD sanctioned “OTC Markets” under the trading symbol
LFGP. Shares may be traded through an individual’s broker. For more
information, please refer to the “Investor Relations” section of
the bank’s website at www.ledyardbank.com or contact the bank’s
Chief Financial Officer, Gregory D. Steverson.
Ledyard Financial Group, Inc.Gregory D. Steverson,
603-640-2666Executive Vice President and Chief Financial
Officergreg.steverson@ledyardbank.comTicker Symbol: LFGP
Ledyard Financial (QX) (USOTC:LFGP)
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