Stock Repurchase
Stock Repurchase Plan

Retractable Technologies, Inc. announced on June 7, 2021 that it plans to repurchase up to $10 million of its RVP Common Stock, commencing on June 18, 2021 and continuing until June 18, 2022 at the latest.

Thomas J. Shaw, President and CEO of Retractable, states, “Our management is embarking on purchasing the Company’s stock because - thanks to the dedication of our shareholders and continued efforts of our employees – the U.S. government has recognized (as has the medical community) that our technology provides a significant advantage in terms of eliminating waste of vital and costly medications and helps prevent the unnecessary spread of infectious diseases. Under these established circumstances, we believe that the Company’s stock is significantly undervalued.”


 
Purchases of Common Stock by Retractable Technologies, Inc.
Under Rule 10b5-1/10b-18 Repurchase Plan Agreement
(Last updated July 26, 2021)


Period Total Number of Shares Purchased Average Price Paid Per Share
Week of June 21-June 25, 2021* 6,300   $11.10
Week of June 28-July 2, 2021 12,115 $11.63
Week of July 5-July 9, 2021   15,178   $10.78
Week of July 12-July 16, 2021   19,184   $10.85
Week of July 19-July 23, 2021   13,500   $10.93
TOTAL PURCHASED TO DATE   69,277   $11.04



* During the week of June 14, 2021, we had one day of purchases on June 18, 2021 (3,000 shares at an average price per share of $11.67)

To view the June 7 press release, click HERE.
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