Tranche Update on BBX Capital, Inc. (OTCPK:BBXI.A)'s Equity Buyback Plan announced on November 21, 2022.
December 28, 2022 at 06:30 am EST
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From November 21, 2022 to December 21, 2022, the company has repurchased 1,200,000 shares, for $12.1 million. With this, the company has completed the repurchase of 1,200,000 shares, for $12.1 million under the buyback announced on November 21, 2022.
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.