AMES, Iowa — Renewable Energy Group, Inc. announced that its Board of Directors has approved a share repurchase program of up to $30 million of the Company’s shares of common stock.
Under the program, REG may repurchase shares from time to time in open market transactions, privately negotiated transactions or by other means. The timing and amount of repurchase transactions will be determined by the Company’s management based on its evaluation of market conditions, share price, legal requirements and other factors. The program may be suspended, modified or discontinued at any time without prior notice.
“Our balance sheet allows us to implement a share repurchase plan which we currently feel is an appropriate way to build further value for our shareholders,” said Daniel J. Oh, President and Chief Executive Officer.