US ENERGY CORP
For the period ended Mar 13, 2025. Filed Mar 13, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Mar 13, 2025 · Filed Mar 13, 2025
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EX-99.1 · SHAREHOLDER RETURNS PROGRAM UPDATE
SHAREHOLDER RETURNS PROGRAM UPDATE
Since the beginning of the Company’s share repurchase program in May 2023 through February 2025, U.S. Energy has repurchased greater than 1.0 million shares of common stock at an average price of $1.28 per share. Outside of the repurchase program, the Company repurchased 0.6 million shares repurchased from a related party in connection with the 2025 equity capital raise. Combined, U.S. Energy's total share repurchases of 1.67 million shares at an average price of $1.73 per share represent 4.9% of outstanding shares of common stock as of March 13, 2025.
On January 29, 2025, the Company's Board of Directors authorized and approved an extension of the ongoing share repurchase program for up to $5.0 million, which was set to expire June 30, 2025. The repurchase program is now scheduled to expire June 30, 2026. As of this filing, a total of up to $3.7 million remains available under the repurchase program for future repurchases.
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