FPIC Insurance Group, Inc. Announces Addition of 500,000 Shares to Stock Repurchase Program.JACKSONVILLE, Fla. -- FPIC FPIC First Professionals Insurance Company (Jacksonville, FL) FPIC Field Programmable Interconnect FPIC Federal Partnership for Interoperable Communications FPIC Field Programmable Interconnect Chip Insurance Group, Inc. ("FPIC") (Nasdaq:FPIC) announced that its board of directors recently authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the repurchase of up to an additional 500,000 shares of FPIC's common stock through 2008 under FPIC's stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program in the open market upon such terms and conditions as its officers deem appropriate. This is in addition to the remaining 44,732 shares authorized Shares authorized The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. shares authorized See authorized capital stock. for repurchase through 2007 under the program. Corporate Profile FPIC Insurance Group, Inc., through its subsidiary companies, is a leading provider of medical professional liability insurance for physicians, dentists and other healthcare providers and a provider of insurance management services to other medical professional liability insurance carriers. For all your investor needs, FPIC is on the Internet at http://www.fpic.com. You can also e-mail us at ir@fpic.com. |
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