News Column

OLD NATIONAL BANCORP /IN/ FILES (8-K) Disclosing Other Events

August 25, 2014



Item 8.01 Other Events.

On August 25, 2014, Old National Bancorp ("Company") adopted a Rule 10b5-1 plan ("Rule 10b5-1 Plan") under which the Company's designated broker will have the authority to repurchase up to 1.0 million shares of common stock of the Company commencing on August 26, 2014 and expiring October 28, 2014, unless terminated earlier pursuant to the terms of the Rule 10b5-1 Plan. A Rule 10b5-1 plan allows a company to purchase its shares at times when it would not ordinarily be in the market due to the company's trading policies or the possession of material non-public information.

The Rule 10b5-1 Plan has been established in connection with the Company's previously disclosed stock repurchase plan ("Repurchase Plan"), which was approved by the Company's Board of Directors on January 23, 2014 and authorizes the repurchase of up to 2.0 million shares of the Company's stock, as conditions warrant, through January 31, 2015. As of August 25, 2014, no shares had been repurchased under the Repurchase Plan. The timing and extent of the repurchases under the Rule 10b5-1 plan are subject to Securities and Exchange Commission regulations as well as certain price, market volume and timing constraints specified in the plan.

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Source: Edgar Glimpses


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