The conference call number is 678/825-8259; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at www.transact-tech.com (select “Investor Relations” followed by “Events & Presentations”); allow 15 minutes to register and download and install any necessary software.
Questions and answers on the call will be reserved for analysts and investors. Following its completion, an archived version of the webcast will be available for replay at the same location.
The company also announced that its Board of Directors is reviewing options to increase the flexibility of the stock repurchase return of capital program currently in place which complements the Company’s quarterly cash dividend return of capital program.
TransAct currently pays a regular quarterly cash dividend and on August 11, 2014, the company’s Board of Directors approved the repurchase of up to US$ 7.5 million of the company’s outstanding shares of common stock from time to time on the open market, depending on market conditions, share price and other factors.
The US$ 0.08 per share quarterly dividend paid to shareholders on September 15, 2015 reflects an annual yield of 5.9% based on the on the $5.40 per share closing price of the Company's stock on October 17, 2014.
Through September 16, 2014, the beginning of the Company’s blackout period prior to the reporting of its 2014 third quarter results, and pursuant to the August repurchase authorization, TransAct has repurchased approximately 109,000 shares of its common stock for total consideration of approximately US$ 0.8 million.
There can be no assurance that the company’s Board of Directors will authorize any additional return of capital initiatives or if additional return of capital programs are approved what the timing or activity will be pursuant to any newly approved program.