Reliance Global gains on share repurchase program

Reliance Global

26/09/2022 12:11

** Shares of insurance REIT Reliance Global Group Inc
 RELI.O  climb 3.5% to 79 cents; set for biggest pct. jump since
Sept. 15, if gains hold
    ** RELI says its board has authorized a program to
repurchase up to 3 mln shares of its outstanding common stock
    ** Co anticipates share repurchase program will become
effective on Nov. 14, three business days after its Q3 results
 urn:newsml:reuters.com:*:nGNX5KJrRX
    ** CEO Ezra Beyman also says he has purchased "over $400,000
of stock in the open market within the past weeks"
    ** Stock had a market cap of $13.8 mln as of Friday's close,
consisting of over 18 mln shares outstanding
    ** Stock down 88% YTD through Friday's close
 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))