Mannatech%2C+Incorporated (NASDAQ: MTEX), (“Mannatech”), today announced that its Board of Directors has approved a share repurchase program to acquire up to $1.0 million of its outstanding common stock. The authorized repurchases will be made from time to time in the open market, through block trades or in privately negotiated transactions. The timing, volume and nature of share repurchases will be at the discretion of management and dependent on market conditions, applicable securities laws and other factors, and may be suspended or discontinued at any time. No assurance can be given that any particular amount of common stock will be repurchased. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when Mannatech might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. This repurchase program begins on September 21, 2021 and ends on the earlier of (i) September 21, 2022 and (ii) the purchase of common stock having an aggregate purchase price of $1.0 million, and may be modified, extended or terminated by the Board of Directors at any time. Mannatech intends to finance the repurchases with available cash.
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