Market Overview

Universal Display Board Approves $50M Share Repurchase Program

Universal
Display Corporation (NASDAQ: PANL), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology
and materials, today announced that its board of directors has approved
a program to repurchase up to $50 million of the company's outstanding
shares of common stock from time to time over the next twelve months.

Universal Display expects to enter into a trading plan established under
Rule 10b5-1 under the Securities Exchange Act of 1934 to facilitate
repurchases under the program. The amount and timing of repurchases will
depend on a number of factors, including the price, availability of
shares of the company's common stock, trading volume and general market
conditions. The repurchases may be made over the next twelve months on

See full press release

Posted-In: News Guidance Management

 

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