Montauk Renewables, Inc. Announces Share Repurchase Program
Montauk Renewables (NASDAQ: MNTK) has announced a new share repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to $5 million of the company's outstanding common stock, effective immediately with no termination date.
The repurchases can be executed through open market transactions or privately negotiated transactions, subject to federal securities laws. A dedicated Repurchase Committee, consisting of Board members and management, will determine the timing, quantity, and purchase price of shares.
The program includes flexibility to be suspended, terminated, or modified based on various factors including market conditions, alternative investment opportunities, and liquidity. The company emphasizes that the program does not obligate them to purchase any specific number of shares, and there is no guarantee that purchases will occur.
Montauk Renewables (NASDAQ: MNTK) ha annunciato un nuovo programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione. Il programma consente il riacquisto fino a 5 milioni di dollari di azioni ordinarie in circolazione della società, con effetto immediato e senza una data di scadenza.
I riacquisti possono essere effettuati tramite transazioni sul mercato aperto o negoziazioni private, nel rispetto delle leggi federali sui titoli. Un Comitato dedicato al Riacquisto, composto da membri del Consiglio e dalla direzione, stabilirà tempistiche, quantità e prezzo di acquisto delle azioni.
Il programma prevede la flessibilità di essere sospeso, terminato o modificato in base a vari fattori, tra cui le condizioni di mercato, opportunità di investimento alternative e liquidità. La società sottolinea che il programma non la obbliga ad acquistare un numero specifico di azioni e non garantisce che gli acquisti avverranno.
Montauk Renewables (NASDAQ: MNTK) ha anunciado un nuevo programa de recompra de acciones autorizado por su Junta Directiva. El programa permite la recompra de hasta 5 millones de dólares de las acciones comunes en circulación de la compañía, con efecto inmediato y sin fecha de finalización.
Las recompras pueden realizarse a través de transacciones en el mercado abierto o negociaciones privadas, sujetas a las leyes federales de valores. Un Comité de Recompra dedicado, compuesto por miembros de la Junta y la gerencia, determinará el momento, la cantidad y el precio de compra de las acciones.
El programa incluye la flexibilidad de ser suspendido, terminado o modificado según varios factores, incluyendo las condiciones del mercado, oportunidades de inversión alternativas y liquidez. La compañía enfatiza que el programa no la obliga a comprar un número específico de acciones y no garantiza que se realicen compras.
Montauk Renewables (NASDAQ: MNTK)가 이사회에서 승인한 새로운 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 회사의 유통 보통주 중 최대 500만 달러까지 즉시 발효되며 종료일이 정해져 있지 않습니다.
매입은 연방 증권법을 준수하며 공개 시장 거래 또는 사적 협상을 통해 실행될 수 있습니다. 이사회 구성원과 경영진으로 구성된 전담 매입 위원회가 주식 매입 시기, 수량 및 가격을 결정합니다.
이 프로그램은 시장 상황, 대체 투자 기회, 유동성 등 다양한 요인에 따라 일시 중지, 종료 또는 수정될 수 있는 유연성을 포함합니다. 회사는 이 프로그램이 특정 수량의 주식 매입을 의무화하지 않으며 매입이 반드시 이루어질 것을 보장하지 않는다고 강조합니다.
Montauk Renewables (NASDAQ : MNTK) a annoncé un nouveau programme de rachat d’actions autorisé par son Conseil d’Administration. Ce programme permet le rachat jusqu’à 5 millions de dollars des actions ordinaires en circulation de la société, avec effet immédiat et sans date de fin.
Les rachats peuvent être réalisés par des transactions sur le marché ouvert ou par des négociations privées, conformément aux lois fédérales sur les valeurs mobilières. Un Comité de Rachat dédié, composé de membres du Conseil et de la direction, déterminera le calendrier, la quantité et le prix d’achat des actions.
Le programme inclut la flexibilité d’être suspendu, arrêté ou modifié en fonction de divers facteurs tels que les conditions du marché, les opportunités d’investissement alternatives et la liquidité. La société souligne que ce programme ne l’oblige pas à acheter un nombre spécifique d’actions et ne garantit pas que des achats auront lieu.
Montauk Renewables (NASDAQ: MNTK) hat ein neues Aktienrückkaufprogramm angekündigt, das vom Vorstand genehmigt wurde. Das Programm erlaubt den Rückkauf von bis zu 5 Millionen US-Dollar der ausstehenden Stammaktien des Unternehmens, mit sofortiger Wirkung und ohne festgelegtes Enddatum.
Die Rückkäufe können über offene Markttransaktionen oder privat ausgehandelte Transaktionen erfolgen, vorbehaltlich der bundesstaatlichen Wertpapiergesetze. Ein spezieller Rückkaufsausschuss, bestehend aus Vorstandsmitgliedern und dem Management, legt den Zeitpunkt, die Menge und den Kaufpreis der Aktien fest.
Das Programm bietet die Flexibilität, je nach verschiedenen Faktoren wie Marktbedingungen, alternativen Investitionsmöglichkeiten und Liquidität ausgesetzt, beendet oder geändert zu werden. Das Unternehmen betont, dass das Programm sie nicht verpflichtet, eine bestimmte Anzahl von Aktien zu kaufen, und es keine Garantie für Käufe gibt.
- Authorization of $5 million share repurchase program indicates confidence in company's financial position
- Flexible program structure allows optimization of purchase timing and price
- No expiration date provides extended opportunity for strategic repurchases
- Relatively small buyback amount may limit meaningful impact on share price
- No guarantee of actual share repurchases being executed
- Capital allocated to buyback reduces funds available for business operations or growth initiatives
PITTSBURGH, April 15, 2025 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (NASDAQ: MNTK) (“Montauk” or the “Company”), announced today that the Company's Board of Directors has authorized a share repurchase program to repurchase up to
Repurchases under the program may be made through open market transactions, privately negotiated transactions or otherwise in accordance with applicable federal securities laws. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by a Repurchase Committee, comprised of Board members and management.
The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any number of shares and there is no assurance that purchases will take place under the program.
About Montauk Renewables, Inc.
Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at 13 projects and ongoing development projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South Carolina, and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com.
Company Contact:
John Ciroli
Chief Legal Officer (CLO) & Secretary
investors@montaukrenewables.com
(412) 747-8700
Investor Relations Contact:
Georg Venturatos
Gateway Group
MNTK@Gateway-grp.com
(949) 574-3860
Forward Looking Statement
This press release contains forward-looking statements including, among other things, statements regarding share repurchases. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks, assumptions and uncertainties. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, expectations of the economic environment, material adverse changes in economic conditions, alternative uses of capital, and the other risks contained in our other public disclosures discussing our business and financial condition and results. As a result, we caution against placing undue reliance on any forward-looking statement. For information on potential risks and uncertainties that could cause actual results to differ, please see the “Risks Factors” section of our annual report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.
FAQ
How much is Montauk Renewables (MNTK) authorized to repurchase in their new buyback program?
When does MNTK's share repurchase program expire?
How will MNTK execute its share repurchase program?
Who controls the implementation of MNTK's share buyback program?
Is MNTK obligated to buy back the full $5 million in shares?
