Celtic Investment, Inc. Board of Directors Approves a Share Repurchase Program.SALT LAKE CITY--(BUSINESS WIRE)--Dec. 8, 1999-- Celtic Investment, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CELT Celt (kĕlt, sĕlt) or Kelt (kĕlt). 1 One who speaks a Celtic language or who derives ancestry from an area where a Celtic language was spoken; i.e. ) announces a formal share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program to provide some liquidity for its shareholders. The Company has, effective December 8th, 1999 instigated a formal common stock share repurchase program. The repurchase program can be accomplished through either private transactions between the Company and a potential seller or through open market transactions. Any shareholder wanted to discuss this stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program should contact the Company at (801) 363-6500. There is limited capital of $1,000,000 (one million dollars) in which to accomplish this objective. |
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