Ranger Energy Services Inc.
Description
Ranger Energy Services Inc. has authorized a share repurchase program to purchase up to 10% of the company’s currently outstanding Class A Common Stock held by non-affiliates, not to exceed 580,000 shares or $5 million in aggregate value.
The duration of the share repurchase program is 12 months and may be accelerated, suspended or discontinued at any time without notice. The repurchase program will be funded from the company’s existing cash balance or future cash flows. The company does not expect to incur debt to fund the share repurchase program. The company had 8,454,273 Class A Common Shares issued and outstanding as of March 31, 2019.