News

USA: Scheid Vineyards Inc. Announces New Stock Repurchase Program

Most popular

The just-drinks Analyst returns

just-drinks speaks to Distill Ventures' CEO

"Too many tuxedos, too much bling" - BrewDog

just-drinks speaks to Diageo CEO Ivan Menezes

The just-drinks Analyst returns

MORE

Scheid Vineyards Inc. (Nasdaq: SVIN) announced today that it has instituted a new stock repurchase program in which the Company may spend up to $3 million in open market transactions to purchase outstanding shares of its Class A Common Stock at such times, and in such amounts or blocks, as deemed appropriate. This repurchase program will expire on June 30, 2001.In connection with the adoption of the new stock repurchase program, the Company has terminated its prior stock repurchase program adopted in September 1999. This program would have expired on December 31, 2000 and authorized the purchase of up to $2.5 million of Class A Common Stock. Under the prior repurchase program, the Company repurchased approximately 540,000 shares of Class A Common Stock for an aggregate purchase price of approximately $2.3 million.Scheid Vineyards Inc. is a leading independent producer of premium wine grapes and operates approximately 6,000 acres of vineyards, primarily in Monterey County, California. The Company sells most of its grape production under long-term contracts to wineries producing primarily premium quality table wines, and the Company also produces a small amount of ultra-premium wine under its own labels.


Related Content

How did Stock Spirits perform in H1 fiscal-2019? - results data

How did Stock Spirits perform in H1 fiscal-2019? - results data...

Tobacco's hopes for drinks, stock of the year and the death of the analyst - The just-drinks Analyst

Tobacco's hopes for drinks, stock of the year and the death of the analyst - The just-drinks Analyst...

Investor group seeks new owner for SFW Starka distillery and US$87m aged-vodka stockpile

Investor group seeks new owner for SFW Starka distillery and US$87m aged-vodka stockpile...

M&A Watch - Who should Stock Spirits Acquire in Central & Eastern Europe ?

M&A Watch - Who should Stock Spirits Acquire in Central & Eastern Europe ?...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?