Riley Exploration Permian, Inc. announced a new share repurchase program of up to $100 million of currently outstanding shares over 24 months.
The Board also authorized the Company to enter into trading plans to facilitate the repurchase of its common stock.
Bobby Riley, Chairman and CEO, highlighted the confidence in operational performance and financial strength through the share repurchase program.
Share Repurchase Program
Initiated a share repurchase program of up to $100 million over 24 months.
Board Authorization
Authorized written trading plans under the Securities Exchange Act of 1934.
Shareholder Returns
Focus on returning capital to shareholders through share repurchases and dividends.
- The share repurchase program reflects confidence in operational performance and financial strength.
- Future stock repurchases will depend on various factors such as market conditions and compliance with legal requirements.
The announcement of the share repurchase program demonstrates Riley Exploration Permian's commitment to enhancing shareholder value and confidence in the company's financial position.