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News Breaks | | | | September 19, 2012 | | 11:42 EDT |  | ASBB | ASB Bancorp authorizes purchase up to 233,382 shares through trust
ASB Bancorp announced that it has authorized the funding of a trust that will purchase up to 233,382 shares of the company's outstanding common stock. The shares acquired by the trust will be used to fund restricted stock awards under the company's 2012 Equity Incentive Plan, which was approved by shareholders at the company's annual meeting. As of July 31, the company had 5,584,551 shares of common stock, par value $0.01 per share, issued and outstanding. | |
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