Replies to post #30830 on Plandai Biotechnology Inc (PLPL)

[jufel]

https://www.finra.org/rules-guidance/guidance/interpretations-financial-operational-rules

The company must comply with Rule 10b-18 of the SEC, which provides a safe harbor from liability for market manipulation when the company repurchases its shares in accordance with certain conditions on the manner, timing, price, and volume of the buybacks

[Kool Aid Man]

New stock buy back disclosure rules coming in Q4.

What public companies will need to disclose

*A daily log of share repurchase activity, disclosed at the end of each quarter as an exhibit in 10-Q reports and the annual 10-K report.

*A description of the rationale behind each buyback, and the goals of that buyback. The issuer will also need to explain the criteria it used to determine how many shares to repurchase.

*Whether certain directors or officers of the company bought or sold any of the shares in question within four days before or after the buyback.

*More details about company stock trading agreements with their directors and officers, known as 10b5-1 plans. This includes the start and end dates, the total number of shares, and the material terms of these plans.

(because)

“Stock buybacks have grown substantially in recent years and increasingly they are used to enrich executives instead of re-investing capital to advance a company’s long-term productivity, profitability, and employee welfare,”

https://www.cnbc.com/2023/05/05/sec-stock-buyback-disclosure-rules.html

https://www.sec.gov/news/statement/gensler-statement-share-repurchase-disclosure-modernization-050323

[Big Benny]

Does that depend upon which exchange they are on?

BB