1 unchanged sentence
Trading Arrangements
−Removed: During the three months ended September 30, 2023, no trustee or officer of Elme Communities adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
−Removed: Share Repurchase Program
−Removed: On October 26, 2023, the Board authorized and approved a share repurchase program of up to $50 million of the Company’s common shares of beneficial interest over a period of two years, subject to any applicable limitations or restrictions set forth in our existing credit facility and other debt agreements.
−Removed: The share repurchase program is scheduled to expire on October 25, 2025, unless extended by the Board.
−Removed: Under the share repurchase program, the Company can effect share repurchases through open market purchases, including through Rule 10b5-1 trading programs, in privately negotiated transactions, or in such other manner that would comply with applicable securities laws and subject to compliance with existing debt agreements.
−Removed: The repurchase program does not obligate the Company to repurchase any specific number of shares, will be utilized at management’s discretion and may be suspended at any time in the Company’s discretion.
−Removed: The timing of share repurchases and the number of shares to be repurchased will depend upon prevailing market conditions and other factors.
−Removed: No share repurchases have been made to date under this program.
+Added: During the three months ended March 31, 2024, no trustee or officer of Elme Communities adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Incorporated by Reference
25 unchanged sentences
(Principal Accounting Officer)
−Removed: October 27, 2023
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.