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AveragePennyon May 28, 2024 10:05am
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Auri Inc. Share Buyback Program
Auri Inc. Share Buyback Program AURI defines new share reductions, share buyback and retirement program
DALLAS, TX -
(NewMediaWire) - May 28, 2024 - Auri Inc. (OTCPK: AURI) (the Company): Today the company is sharing the detailed buyback, share reductions and share retirement program.
The company established a percentage-based program for acquiring shares in the market. The first 3 billion AS have already been cancelled. The new Transfer Agent, Legacy, will also retire another 1 billion from recent common shares that EQ TA, and then Signature TA were assigned to complete. The DTCC finally cleared Legacy as the new TA. The share retirement formula is structured based on the percentage of sales. Regardless of the PPS, the share acquisition will continue as long as 10% of gross revenues are used as purchasing budget. The company will have an agent as well as a BD as an acquisition representative.
https://www.newmediawire.com/news/auri-inc-share-buyback-program-7075403