ALICO, INC. (NASDAQ:ALCO) Files An 8-K Other EventsItem 8.01. Other Events
ALICO, INC. (NASDAQ:ALCO) Files An 8-K Other Events
Alico, Inc. (the “Company”) has announced that its Board of Directors has authorized a new share repurchase plan (the “Repurchase Plan”). Under this Repurchase Plan, the Company may repurchase up to $5.0 million of its common stock from March 9, 2017 to March 9, 2019 and repurchases will be made from time to time by the Company in the open market as conditions allow, or in privately negotiated transactions. Up to $2.0 million of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. Because repurchases under the Repurchase Plan are subject to certain pricing parameters, there is no guarantee as to the exact number of shares that will be repurchased under the Repurchase Plan or that there will be any repurchases to the Repurchase Plan. Subject to applicable regulations, the Company may elect to amend or cancel the Repurchase Plan at its discretion.
About ALICO, INC. (NASDAQ:ALCO)
Alico, Inc. is an agribusiness and natural resources management company. The Company’s segments include Orange Co., Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co. segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. The conservation and environmental resources segment includes activities related to cattle grazing, sod, native plant and animal sales, leasing, management and/or conservation of unimproved native pasture land. The other operations segment consists of activities related to rock mining royalties, oil exploration and other insignificant lines of business. ALICO, INC. (NASDAQ:ALCO) Recent Trading Information
ALICO, INC. (NASDAQ:ALCO) closed its last trading session down -0.05 at 25.70 with 6,365 shares trading hands.
Alico, Inc. is an agribusiness and natural resources management company. The Company’s segments include Orange Co., Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co. segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. The conservation and environmental resources segment includes activities related to cattle grazing, sod, native plant and animal sales, leasing, management and/or conservation of unimproved native pasture land. The other operations segment consists of activities related to rock mining royalties, oil exploration and other insignificant lines of business. ALICO, INC. (NASDAQ:ALCO) Recent Trading Information
ALICO, INC. (NASDAQ:ALCO) closed its last trading session down -0.05 at 25.70 with 6,365 shares trading hands.
