Radiant Logistics, Inc. (AMEX:RLGT) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 10.26% of its outstanding share capital. Repurchases may occur from time-to-time through open market purchases at prevailing market prices or through privately negotiated transactions as permitted by securities laws and other legal requirements.

The company expects to fund all purchases from existing cash balances, cash available under the company's revolving credit facility and future cash flows from operations. The program allows the company to repurchase its shares at its discretion. Market conditions, price, corporate and regulatory requirements, alternative investment opportunities, and other economic conditions will influence the timing of the buyback and the number of shares repurchased.

The program does not obligate the company to repurchase any specific number of shares and, subject to compliance with applicable securities laws and other legal requirements. The repurchase program may be suspended or terminated at any time without prior notice. The program will run until December 31, 2016.

As of December 31, 2015, the company had 48,743,581 shares outstanding.