Era Group Repurchases Under the Previously Announced Special Stock Repurchase Program

Era Group Repurchases Under the Previously Announced Special Stock Repurchase Program 8 May, 20, Source: Era Group

Era Group Inc. (NYSE:ERA) (“Era”) announced that on April 24, 2020 it repurchased an aggregate of 44,359 shares of its common stock at an average price of $4.23 per share, on April 27, 2020 it repurchased an aggregate of 10,636 shares of its common stock at an average price of $4.31 per share and on April 28, 2020 it repurchased an aggregate of 51,732 shares of its common stock at an average price of $4.81 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 21,525,383 shares of common stock outstanding.

The total number of shares repurchased under this program to date is 230,889 shares of common stock for a total consideration of $1.0 million, at an average price of $4.14 per share, leaving $9.0 million available under the Program.

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