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Selas: share stock repurchase programme

18 March 1999: US-based Selas Corporation of America, which designs, develops, engineers and manufactures a range of products including precision medical and electronic products, heat processing equip…

18 March 1999: US-based Selas Corporation of America, which designs, develops, engineers and manufactures a range of products including precision medical and electronic products, heat processing equipment and systems, and cable winch products, announced that its Board of Directors has authorized the repurchase from time to time of up to 250,000 shares of Selas common stock, approximately 5% of the 5.2 million shares outstanding. The company said that shares will be purchased in the open market depending on market and economic factors. Stephen F. Ryan, Chairman, President and Chief Executive Officer of Selas, said that the company“s management and Board believe that Selas stock represents a good investment for the company and that the shares are undervalued.

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