Ramaco Resources, Inc. announced a share repurchase program of up to $100 million for its Class A common stock.
The program will span 24 months and aims to return capital to shareholders.
The Company's Board of Directors authorized the initiation of the share repurchase program.
Share repurchases are a strategic allocation of capital to enhance shareholder value and signal confidence in the Company's financial standing.
Share Repurchase Program
Ramaco Resources plans to repurchase up to $100 million of its Class A common stock over 24 months, demonstrating a commitment to returning capital to shareholders.
Purpose
The primary goal of the program is to maximize shareholder returns by efficiently utilizing excess cash reserves and leveraging the Company's belief in its stock's intrinsic value.
Repurchase Methods
The repurchase methods may include open market transactions, block trades, or privately negotiated transactions, providing flexibility to optimize the timing and pricing of the repurchases.
Program Flexibility
Ramaco Resources retains discretion over the timing and value of repurchases, aligning the program with strategic capital allocation decisions.
- The announcement of the share repurchase program reflects management's confidence in the Company's operational performance and financial strength, signaling a positive outlook for future earnings and growth potential.
- By signaling belief in the intrinsic value of its common stock, the Board of Directors indicates a long-term commitment to creating shareholder value and fostering investor confidence in Ramaco Resources' prospects.
Ramaco Resources' decision to implement a $100 million stock repurchase plan demonstrates a strategic commitment to enhancing shareholder value, optimizing capital structure, and reinforcing confidence in the Company's future growth trajectory.