Jasper announces record-setting share value
Associate-owner shareholders in the Jasper Holdings, Incorporated Employee Stock Ownership Plan were treated to another record-setting share value May 5.
Jasper distributed a total of $17,097,741 in new shares to more than 2,500 eligible associate-owners. During the last 10 years, a total of $191 million in stock has been given to their associate-owners.
The Jasper share value continued its upward growth since the inception of its ESOP in 2009 at $2.30 per share.
Doug Bawel, Jasper chairman/CEO, announced to associate-owners, via company video, the 100% associate-owned company’s new share value is $476.30, up $14.20 a share, and thanked the associate-owners.
“We’ve had some great growth in our share price, and today we have over $685 million of enterprise value,” Bawel told the associate-owners. “Let’s make sure we stay focused on what is in our control, a never-ending commitment to improvements in safety, quality, productivity, customer service and reduction of waste.”