Chicago, IL (PRWEB) May 07, 2013
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) is pleased to announce a price per share increase from $23.00 to $25.00 and the extension of its stock repurchase program in accordance with the provisions of Rule 10b5-1 of the Securities Exchange Act to June 30, 2014. It is the company’s intent to purchase up to 25,000 shares of its common stock on a first-come-first-served basis per calendar quarter. To the extent the company purchases less than 25,000 shares in any given quarter, such un-purchased amounts will be added to the authorized shares available for purchase in future quarters.
Interested parties are asked to contact Tom Perry, VP of Retail Trading for Ziegler, as the company’s buyer representative of company stock. Mr. Perry can be contacted at (312) 596-1556 between 8:30 a.m. CT and 3:00 p.m. CT. The stock repurchase program began May 28, 2010. If the company fills its 25,000 quarterly goals, it will seek other buyers in order to satisfy shareholder requests. A director of the company has adopted a similar Rule 10b5-1 program to be able to participate as an additional purchaser of any shares after the company satisfies the 25,000 share limit. The company reserves the right to discontinue the repurchase plan at any time.
For more information about Ziegler, please visit us at http://www.Ziegler.com.