The company will fund the stock repurchase program with existing cash and cash equivalents available internally.

Commenting on the program Gevo chief executive officer Patrick Gruber remarked that the repurchase re-affirms the company’s confidence in its future.

"We see this program as an opportunity to enhance value for our stockholders through disciplined repurchases of shares of our common stock at what we believe are undervalued prices," added Gruber.

Repurchases of the stock will be made vide a variety of methods, including open market purchases, privately negotiated transactions, and block transactions.

The stocks repurchase program gets underway immediately and will last through 31 December 2013.

 

 

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