(RTTNews) - GEN Restaurant Group (GENK) said its board approved a stock repurchase program authorizing the repurchase of up to $5.0 million worth of shares of the companys outstanding Class A common stock, par value $0.001. As part of the commencement of the stock repurchase program, the company intends to enter into a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
The company noted that the 10b5-1 trading plan will be administered by an independent broker.
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