The Board of Directors of Gevo, Inc. (NasdaqGM:GEVO) authorized a share repurchase program on January 2, 2013. Under the program, the company will repurchase up to $15 million worth of its shares. The shares will be repurchased from time to time through open market purchases, privately negotiated transactions or block transactions and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, subject to market conditions and other factors.

Any shares repurchased will be classified as treasury stock or retired. The company expects to fund the repurchases under the program with the existing cash and cash equivalents on hand. The program will enhance the value of the stockholders through disciplined repurchases.

Gevo has no obligation to repurchase the shares under the program. The timing, volume, and value of the shares that are repurchased will be at the discretion of the company's management and will depend upon a number of considerations, including the trading price of the common stock, general market conditions, applicable legal requirements, and other factors. The program is effective immediately and will be valid for a period of one-year till December 31, 2013, unless the program is completed sooner, suspended, terminated, or otherwise extended.