Capital City Bank Group, Inc. Announces Replacement Stock Repurchase Program
TALLAHASSEE, Fla., Feb. 02, 2024 (GLOBE NEWSWIRE) — Capital City Bank Group, Inc. (NASDAQ:CCBG) announced today that its Board of Directors approved a new stock repurchase program on January 25, 2024. Under the newly approved stock repurchase program, the company is authorized to repurchase up to 750,000 shares of its common stock over the next five years, from time to time, in the open market or through private transactions, as market conditions warrant. However, the new stock repurchase program does not obligate the company to repurchase any specified number of shares of its common stock. Currently, the company has approximately 16,990,240 shares of common stock issued and outstanding and the number of shares authorized for repurchase under the new repurchase program currently represents approximately 4.4% of the company’s issued and outstanding shares of common stock. In connection with the approval of the new stock repurchase program, the Board of Directors terminated the company’s existing stock repurchase program.