Expro Group Extends Stock Repurchase Program

On December 12, 2024, Expro Group Holdings N.V. announced that its Board of Directors has approved an extension to the company’s stock repurchase program. The extended program allows Expro Group Holdings N.V. to repurchase up to $100 million of its outstanding common stock from October 25, 2023, through November 24, 2025. As of the date of this announcement, approximately $90 million remains available for repurchases under this program.

The company is authorized to repurchase shares of its common stock through open market purchases, privately negotiated transactions, or other means as deemed appropriate. The Stock Repurchase Program will continue to be implemented at the discretion of management and in accordance with federal securities laws.

The decision to repurchase shares, including the timing and quantity of repurchases, will be influenced by various factors such as share price, corporate requirements, constraints outlined in the Stock Repurchase Program, and prevailing market conditions. It is important to note that the Stock Repurchase Program does not impose a mandatory obligation on the company to repurchase any specific amount of common stock, providing flexibility for potential modifications, suspensions, or discontinuations at any time.

John McAlister, General Counsel, and Secretary of Expro Group Holdings N.V., duly signed the report on behalf of the company in compliance with the Securities Exchange Act of 1934.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Expro Group’s 8K filing here.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.