SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
September 9, 2011
Green Plains Renewable Energy, Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
On September 9, 2011, Green Plains Renewable Energy, Inc. entered into a stock repurchase agreement with Greenstar North America Holdings, Inc., an indirect subsidiary of NTR plc, to repurchase 3.5 million shares of Green Plains common stock at a price of $8.00 per share. Green Plains will pay 50% of the repurchase amount to NTR on September 16, 2011, with the balance due on November 15, 2011. Green Plains may elect to delay the second payment to December 15, 2011, in which case Green Plains will also pay interest in an amount equal to 3% per annum, for the period from September 16, 2011 to December 15, 2011, on the remaining 50% of the repurchase amount. This second payment obligation will be set forth in a promissory note and secured by an assignment and pledge of stock.
The press release issued September 12, 2011, announcing the share repurchase, is attached hereto as Exhibit 99.1.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.