Brief: LMP Automotive Holdings Announces Board Approval For Debt Refinancing And Conditional Approval Of A Stock Buy Back And Dividend

LMP Automotive Holdings

08/07/2021 21:04

July 8 (Reuters) - Lmp Automotive Holdings Inc  LMPX.O :
    * LMP AUTOMOTIVE HOLDINGS, INC. ANNOUNCES BOARD APPROVAL FOR
DEBT
REFINANCING AND CONDITIONAL APPROVAL OF A STOCK BUY BACK AND
DIVIDEND
    * LMP AUTOMOTIVE - BOARD AUTHORIZED REFINANCING OF ITS
CURRENT
DEBT FACILITY, IN LIGHT OF ADDITIONAL ANTICIPATED ACQUISITIONS
IN PIPELINE
    * LMP AUTOMOTIVE HOLDINGS INC - AUTHORIZED USE OF UP TO 25%
OF
EXCESS CASH TO BUY BACK SHARES OF ITS COMMON STOCK
    * LMP AUTOMOTIVE HOLDINGS INC - EXPECTS CASH BALANCES TO
EXCEED
$50 MILLION, WITH EXCESS CASH OF OVER $36 MILLION BY YEAR END

Source text for Eikon:  ID:nGNX8TRCqQ 
Further company coverage:  LMPX.O 

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