Winton Financial Corporation's Board Authorizes Stock Repurchase Program
April 16 2004 - 11:31AM
PR Newswire (US)
Winton Financial Corporation's Board Authorizes Stock Repurchase
Program CINCINNATI, April 16 /PRNewswire-FirstCall/ -- Winton
Financial Corporation ("WFC"), the holding company for The Winton
Savings and Loan Co. ("Winton"), announced today that the Board of
Directors of WFC has authorized a repurchase program in which up to
5%, or approximately 230,000 shares, of its outstanding common
stock may periodically be repurchased through the open market or
privately negotiated transactions during the next twelve months. To
date, WFC has repurchased 117,630 shares under previously announced
buy-back plans. The decisions whether to purchase shares, the
number of shares to be purchased, and the price to be paid will
depend upon prevailing market prices, the availability of shares,
and any other considerations that may, in the opinion of the Board
of Directors or management, affect the advisability of purchasing
WFC shares. Repurchases will be funded by current working capital,
dividends periodically paid by Winton to WFC, and/or by WFC
borrowings. The repurchased shares will become treasury stock. WFC
has 4,600,938 shares outstanding. WFC's shares are traded on the
American Stock Exchange under the symbol "WFI." DATASOURCE: Winton
Financial Corporation CONTACT: Robert L. Bollin, President-Chief
Executive Officer, or Gregory P. Niesen, CPA,
Treasurer-Secretary-Investor Relations Officer of Winton Financial
Corporation, +1-513-385-3880 Web site:
http://www.wintonsavings.com/
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