other material
confidence high
sentiment neutral
materiality 0.60
Crimson Wine Group authorizes repurchase of up to 2M shares at max $7.00 per share
Crimson Wine Group, Ltd
- Board authorized repurchase of up to 2,000,000 shares of common stock.
- Company adopted a 10b5-1 plan for repurchases beginning March 31, 2023.
- Maximum purchase price per share is $7.00; daily volume limited to 25% of 4-week average.
- Repurchases will be funded with available cash; timing depends on market conditions.