Juhl Wind Inc.'s board of directors has approved a plan to repurchase the company's common stock. The size, scope and timing of any purchases will be in accordance with the rules of the Securities Exchange Act of 1934, including the Safe Harbor Rules of section 10b-18 of the act, and shall be based on business, market and other conditions and factors, including price, regulatory and contractual requirements, consents, and capital availability, the company says.
The share repurchase program is intended to be implemented through purchases made using a variety of methods, which may include open-market purchases, privately negotiated transactions or block trades, or by any combination of such methods.
The board has approved an initial allocation of $200,000 for this repurchase plan and will consider modifications to the plan from time to time as market conditions warrant.
The repurchase program does not require Juhl Wind to acquire any particular amount of common stock, and the program may be suspended, modified or discontinued at any time at the company's discretion without prior notice.
SOURCE: Juhl Wind Inc.