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Logistic Properties of the Americas Announces Board Approval of Share Repurchase Program
Logistic Properties of the Americas (NYSE American: LPA) has announced a new share repurchase program authorized by its Board of Directors.
Logistic Properties of the Americas (NYSE American: LPA) has announced a new share repurchase program authorized by its Board of Directors.
The program allows for the buyback of up to $10 million of outstanding ordinary shares over a 12-month period, effective November 22, 2024.
The repurchases will be funded through cash from operations and executed under a 10b5-1 plan. CEO Esteban Saldarriaga stated this initiative reflects confidence in the business strength and aims to address current market dislocation while highlighting the company's dollar-denominated real assets and platform value.
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