Montauk Renewables announces up to $5m share repurchase
Montauk Renewables, Inc. announced that its Board of Directors has authorized a share repurchase program to buy back up to USD 5,000,000 of the company's issued and outstanding common stock. The program is effective immediately with no termination date specified. Repurchases may occur through open market transactions, privately negotiated transactions, or other methods compliant with securities laws. The timing, number, and price of repurchased shares will be determined by a Repurchase Committee. The company noted that the program may be suspended, terminated, or modified at any time. Montauk Renewables specializes in the management, recovery, and conversion of biogas into Renewable Natural Gas (RNG) and electrical power, with operations across multiple states.
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