JMP Group Announces Extension of Share Repurchase Program
April 22 2019 - 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 June 30, 2019.
The current repurchase program was initially authorized on
December 13, 2017, and allowed for the repurchase of up to one
million of JMP Group’s outstanding common shares during 2018. On
December 3, 2018, the company’s board of directors extended
the repurchase program through April 30, 2019. As of the close of
the market on April 18, 2019, 132,395 of the company’s common
shares remained to be repurchased. With the further extension of
the existing program, those shares are now eligible to be
repurchased through June 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 capital and private capital
activities through Harvest Capital Strategies and JMP Asset
Management; and the management of Harvest Capital Credit
Corporation (NASDAQ: HCAP), a business development company, through
HCAP Advisors. For more information, visit www.jmpg.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190422005417/en/
Investor Relations ContactJMP Group LLCAndrew 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
JMP (NYSE:JMP)
Historical Stock Chart
From Jun 2024 to Jul 2024
JMP (NYSE:JMP)
Historical Stock Chart
From Jul 2023 to Jul 2024