RPC, Inc. (NYSE: RES) announced today that during the first quarter of 2023 it purchased 1,132,364 shares for approximately $9.0 million under its existing operating policy.
“On behalf of the shareholders and the entire Fund Board, the Board is pleased to announce the purchase of 1,134,000 shares for $7.0 million of a new, new and improved management structure called the RES Corporation. This new structure is based strictly on our strategy and we are committed to providing a sound, reliable and complete solution to improve shareholder understanding of our business,” said John McElroy, President, RES (NYSE: RES). “This new management structure is also driven by our continued continued commitment to creating a competitive, value-added, market-leading company. We are pleased to formally announce the continued evolution of our management structure in the next few months (the first phase of this period), and we look forward to the continued success of the new management structure on a positive basis.”
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