MIND Announces $2.4M Share Repurchase Plan Supported By Solid Balance Sheet And Focus On Disciplined Capital Allocation

MIND's Board of Directors Approves Plan to Repurchase Up to $2.4 Million of Outstanding Ordinary Shares

MIND today announced that its Board of Directors approved a change to the Company's capital return policy for the current period, transitioning from its prior annual dividend to a share repurchase program.

The Board's resolution reflects a continued commitment to disciplined capital allocation and shareholder value creation. Given MIND's cash generation and solid balance sheet, the Board believes that the buyback can be done without sacrificing expansion and growth plans. We believe that at this time, the repurchase of our shares will deliver value to our shareholders and is one of the most appropriate uses of our resources.

Under the repurchase program in an amount in cash of up to $2.4 million, share purchases may be made from time to time depending on market conditions, share price, trading volume and other factors. The repurchase may be suspended from time to time or discontinued.