Era Group Repurchases Under the Previously Announced Special Stock Repurchase Program

Era Group Repurchases Under the Previously Announced Special Stock Repurchase Program 28 Apr, 20, Source: Era Group

Era Group Inc. (NYSE:ERA) (“Era”) announced that on April 21, 2020 it repurchased an aggregate of 54,099 shares of its common stock at an average price of $3.64 per share, on April 22, 2020 it repurchased an aggregate of 46,027 shares of its common stock at an average price of $3.81 per share and on April 23, 2020 it repurchased an aggregate of 24,036 shares of its common stock at an average price of $4.23 per share under its previously announced special stock repurchase program, which allows for the purchase of up to $10 million of its common stock (the “Program”). All shares of common stock repurchased under the Program will be held as treasury shares. Following the repurchase of shares under the Program to date, Era will have 21,632,110 shares of common stock outstanding.

The total number of shares repurchased under this program to date is 124,162 shares of common stock for a total consideration of $0.5 million leaving $9.5 million available under the Program.

Related Posts