Live Ventures Announces Repurchase of 65,668 Shares of Common Stock During the Fiscal Quarter
April 05 2022 - 8:00AM
Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding
company, today announced that it repurchased 65,668 shares of
common stock at an average price of $31.72 per share during its
fiscal 2022 second quarter ended March 31, 2022.
“We believe that our strategic focus on acquiring
businesses that maximize stockholder value also gives us the
ability and opportunity to look inwardly at our own Company to
increase that value further,” commented Jon Isaac, President and
CEO of Live Ventures. “Management firmly believes our stock
repurchases represent long-term value for our stockholders.”
On February 20, 2018, the Company announced a $10.0
million common stock repurchase plan. The Company has repurchased
484,138 shares of its common stock for approximately $5.4 million,
representing an average price of $11.06 per share. As of March 31,
2022, the Company has approximately $4.6 million available for
repurchases under this program.
About Live VenturesLive Ventures
Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”) is a
rapidly growing, diversified holding company with a strategic focus
on value-oriented acquisitions of domestic middle-market companies.
Live Venture’s acquisition strategy is sector agnostic and focuses
on well-run, closely held businesses with a demonstrated track
record of earnings growth and cash flow generation. The Company
looks for opportunities to partner with management to build
increased stockholder value through a disciplined buy-build-hold
long-term focused strategy. Live Ventures was founded in 1968 and
refocused in 2011 under our CEO and strategic investor, Jon Isaac.
The Company’s current portfolio of diversified operating
subsidiaries includes companies in the textile, flooring, tools,
steel, entertainment, and financial services industries.
Contact:Live Ventures
IncorporatedGreg Powell, Director of Investor
Relations725.500.5597gpowell@liveventures.comliveventures.com
Source: Live Ventures Incorporated
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