Juhl Wind Inc.'s board of directors recently approved an extension of the company's common stock repurchase plan. 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.
The share-repurchase program is intended to be implemented through purchases made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or block trades, or any combination thereof.
The board approved an increased allocation for the plan to $250,000 for this repurchase plan and will consider modifications to the plan as market conditions warrant.
‘We've seen a significant improvement in our balance sheet recently as we wrap up work on some very large wind farm projects, which has afforded us the opportunity to continue and expand this repurchase plan’ says John Mitola, president of Juhl Wind.
SOURCE: Juhl Wind Inc.