Century Next Financial implements stock repurchase plan.
Global Banking News-May 21, 2014--Century Next Financial implements stock repurchase plan
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Global Banking News - 21 May 2014
Century Next Financial Corporation (OTCQB: CTUY), the holding company of Bank of Ruston, has said that its board of directors have unanimously approved a resolution to implement a stock repurchase plan.
Under the Plan, Century Next Financial Corporation is authorised to repurchase, during a twelve-month period beginning on June 1, 2014, up to 5 percent or approximately 52,670 shares of the company's currently issued and outstanding common stock.
The repurchases will be dependent on a variety of factors, including market conditions, and may be made from time to time at the discretion of the board of directors in open-market or privately-negotiated transactions. The plan may be suspended or discontinued at any time.
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