Performance Shipping Board Approves Share Buyback of Up to $4 Million

Performance Shipping Inc.’s board approved a share repurchase authorization of up to $4 million, giving the company through June 30, 2027, to buy back its common shares. The authorization took effect immediately. Performance Shipping may repurchase shares in the open market or through a Rule 10b5-1 trading plan. The method and timing of any purchases will depend on market conditions and management’s discretion. The company is not required to buy any shares and may modify or suspend the authorization at any time. It remains in effect through June 30, 2027. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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