HAGÅTÑA, Guam — BankGuam Holding Company announced Monday that its board of directors approved a share repurchase program pursuant to which the company may repurchase up to $500,000 of its outstanding common stock.
Under the repurchase program, the company may purchase shares of its common stock through open market transactions, block purchases, and privately negotiated transactions. The timing and amount of any repurchases under the program will be determined by the company based on a variety of factors, including the market price of its common stock, corporate considerations, general market and economic conditions, and legal requirements. The repurchase program does not have a set expiration date, obligate the company to acquire any particular amount of common stock, and may be modified, discontinued or suspended at any time or from time to time in the company’s discretion. The company anticipates funding for this program to come from available corporate funds.
Forward-looking statements
This press release contains statements that are “forward-looking statements.”
“Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.”
For more information, contact:
• Symon Madrazo, Senior Vice President | Chief Financial Officer
Phone: (671) 472-5268 | Email: symon.madrazo@bankofguam.com
• Danilo M. Rapadas, Senior Vice President | Chief Risk Officer
Phone: (671) 472-5255 | Email: drapadas@bankofguam.com
