Real REMAX Group announced on Monday that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to the lesser of $450 million in value or 25 million shares of its common stock. Chairman and CEO Tamir Poleg said the authorization reflects the board's confidence in the company's long-term strategy and commitment to balanced capital allocation, including deleveraging and share repurchases. Shares of REAX gained nearly 7% during extended trading hours.
Real Brokerage IncBoard authorizes up to $450M share repurchase program, signaling confidence and supporting stock price.
