JMP Group Announces Extension of Share Repurchase Program
December 04 2018 - 4:15PM
Business Wire
JMP Group LLC (NYSE: JMP), an investment banking and alternative
asset management firm, announced today that its board of directors
has extended the term of the company’s share repurchase program
through April 30, 2019.
The current repurchase program was initially authorized on
December 13, 2017, and allowed for the repurchase of up to one
million of the company’s outstanding common shares during 2018. As
of the close of the market on November 30, 2018, 444,310 of the
company’s common shares remained to be repurchased. With the
extension of the existing program, those shares are now eligible to
be repurchased through April 30, 2019.
Under the company’s repurchase program, JMP Group may purchase
its common shares from time to time in the open market or through
privately negotiated transactions. The timing, volume and nature of
any common share repurchases will be at the sole discretion of
management, will be dependent on market conditions, applicable
securities laws and other factors, and may be suspended or
discontinued at any time.
About JMP Group
JMP Group LLC is a diversified capital markets firm that
provides investment banking, equity research, and sales and trading
services to corporate and institutional clients as well as
alternative asset management products and services to institutional
and high-net-worth investors. JMP Group conducts its investment
banking and research, sales and trading activities through JMP
Securities; its hedge fund, venture and private capital, and credit
management activities though Harvest Capital Strategies, JMP Asset
Management and JMP Credit Advisors; and the management of Harvest
Capital Credit Corporation (NASDAQ: HCAP), a business development
company, through HCAP Advisors. For more information, visit
www.jmpg.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181204005238/en/
Investor Relations ContactJMP Group LLC
Andrew Palmer(415) 835-8978apalmer@jmpg.com
Media Relations ContactsDukas Linden Public Relations,
Inc.
Zach Leibowitz(646) 722-6528zach@dlpr.com
Alyssa Noud(646) 722-6525alyssa@dlpr.com
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