CHICAGO, Aug. 12,
2024 /PRNewswire/ -- Enova International, Inc. (NYSE:
ENVA) ("Enova" or the "Company"), a leading financial services
company powered by machine learning and world-class analytics,
today announced that its Board of Directors has authorized a new
share repurchase program totaling $300
million that expires December 31,
2025. Enova's existing $300
million repurchase program that would have expired on
December 31, 2024 will terminate and
be replaced by this new program.
"The board's authorization of a new $300
million share repurchase program and our balance sheet
flexibility continue to support the creation of long-term
shareholder value from both portfolio growth and meaningful capital
returns," said David Fisher, Enova
CEO.
Repurchases will be made in accordance with applicable
securities laws from time to time in the open market, through
privately negotiated transactions or otherwise. The share
repurchase program does not obligate the Company to purchase any
shares of its common stock. The authorization for the share
repurchase program may be terminated, increased or decreased by the
Company's Board of Directors in its discretion at any time.
About Enova
Enova is a leading financial services company with powerful
online lending that serves small businesses and consumers who are
underserved by traditional banks. Through its world-class analytics
and machine learning algorithms, Enova has provided more than 10.5
million customers with over $56
billion in loans and financing. You can learn more about the
company and its portfolio of businesses at www.enova.com.
Important Notice Regarding Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
about the business, financial condition and prospects of the
Company. These forward-looking statements give current expectations
or forecasts of future events and reflect the views and assumptions
of the Company's senior management with respect to the business,
financial condition and prospects of the Company as of the date of
this release and are not guarantees of future performance. The
actual results of the Company could differ materially from those
indicated by such forward-looking statements because of various
risks and uncertainties applicable to the Company's business,
including, without limitation, those risks and uncertainties
indicated in the Company's filings with the SEC, including its
annual report on Form 10-K, quarterly reports on Forms 10-Q and
current reports on Forms 8-K. These risks and uncertainties are
beyond the ability of the Company to control, and, in many cases,
the Company cannot predict all of the risks and uncertainties that
could cause its actual results to differ materially from those
indicated by the forward-looking statements. When used in this
report, the words "believes," "estimates," "plans," "expects,"
"anticipates" and similar expressions or variations as they relate
to the Company or its management are intended to identify
forward-looking statements. The Company cautions you not to put
undue reliance on these statements. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements after the date of this release.
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SOURCE Enova International, Inc.