On October 20, 2020, the Board of Directors (the "Board") of BBX Capital, Inc.,
a Florida corporation (the "Company"), authorized the repurchase of up to $10
million of shares of the Company's Class A and Class B common stock. The
timing, price, and number of shares repurchased will be based on market
conditions, applicable securities laws, and other factors. The stock repurchases
may be made from time to time through solicited or unsolicited transactions in
the open market or in privately negotiated transactions. The stock repurchase
authorization does not obligate the Company to repurchase any specific number of
shares and may be suspended, modified, or terminated at any time without prior
notice. As of October 20, 2020, the Company had approximately 19,317,687 shares
of common stock outstanding. A copy of the press release announcing the Board's
authorization of the stock repurchases is attached as Exhibit 99.1 hereto.
BBX Capital, Inc. is a diversified holding company. The Company's principal holdings include BBX Capital Real Estate LLC, BBX Sweet Holdings, LLC and Renin Holdings, LLC (Renin). BBX Capital Real Estate LLC is engaged in the acquisition, development, construction, ownership, financing and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, warehouse and logistics facilities, and commercial properties located primarily in Florida. BBX Sweet Holdings, LLC is engaged in the ownership and management of operating businesses in the confectionery industry, including ITâSUGAR, a specialty candy retailer. Renin is engaged in the designing, manufacturing and distribution of sliding doors, door systems and hardware, and home decor products. In addition to its own manufacturing activities, Renin also sources various products and raw materials.
BBX CAPITAL, INC. 
