other material
confidence high
sentiment positive
materiality 0.45
Bimini Capital Management authorizes up to $2.5M share repurchase plan over 24 months
BIMINI CAPITAL MANAGEMENT, INC.
- Board approved up to $2.5M repurchase of Class A Common Stock, replacing March 2018 plan.
- Repurchases under Rule 10b5-1 executed by Ladenburg Thalmann; expected to start September 27, 2021.
- Prior plan from 2018 repurchased 71,599 shares at aggregate cost of ~$169,000.
- Plan expires in 24 months or earlier if full amount repurchased; no obligation to buy any shares.