Alpha Pro Tech Ups Buyback Authorization
February 9, 2010 (FinancialWire) — Alpha Pro Tech, Ltd.’s (AMEX: APT) board of directors has authorized an expansion to the share repurchase program of the company’s common stock for up to $2 million beyond the current share repurchase program already in place.
The company has around $862,575 available for further purchases of stock under the $2 million stock repurchase program expansion reported in April, 2009. During 2009, the company repurchased 1,554,900 shares at an average price of $1.36, for a total of $2,109,000. Alpha has repurchased and retired a total of 6,193,800 shares since 1999 through nine repurchase authorizations by the board of directors.
Alpha Pro Tech had around 22,360,954 shares outstanding at September 30, 2009.
Arizona-based Alpha Pro Tech, Ltd. is the parent company of Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc.
Alpha Pro Tech develops, manufactures and markets innovative disposable and limited-use protective apparel products for the industrial, clean room, medical and dental markets.
Alpha ProTech Engineered Products manufactures and markets a line of construction weatherization products, including building wrap and roof underlayment.
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