SIOUX FALLS, SD, September 7, 2021 (GLOBE NEWSWIRE) – Meta Financial Group, Inc.® (Nasdaq: CASH) (the “Company”) announced that its board of directors has authorized a share repurchase program to repurchase up to 6,000,000 outstanding common shares of the Company no later than 30 September 2024.
As part of its current share buyback program, which expires on December 31, 2022, the Company has purchased 5,949,827 shares out of the total 7,500,000 shares authorized for buyback. The Company may buy back the remaining 1,550,173 shares under the current share buyback program no later than December 31, 2022.
“Our board’s decision to approve a new share buyback authorization reflects the underlying dynamics of our business and our continued confidence in the company’s growth trajectory, consistent with our balanced approach to management. of capital, ”said Douglas J. Hajek, Chairman of Meta’s Board of Directors.
The Company may buy back its ordinary shares on the open market and / or in the context of over-the-counter transactions. Redemptions on the open market will be effected in accordance with applicable securities laws and regulations and may be effected in accordance with the trading plans of Rule 10b5-1. The manner, timing and amount of any share repurchase will be determined by the Company based on its assessment of various factors, including its assessment of other uses of capital, the price of the Company’s shares, terms and conditions market and economic, regulatory and other business requirements and legal considerations. The buyback program does not oblige the Company to acquire any particular amount of common stock or to acquire any shares according to a particular schedule, and the program may be suspended or discontinued at any time at the discretion of the Company.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views regarding, among other things, future events, including those relating to the number or manner of future redemptions of ‘actions. These statements are often, but not always, made using words or phrases such as “may”, “could”, “should”, “could”, “predict”, “possible”, “believe”, “Continue”, “will”, “anticipate”, “seek”, “estimate”, “intend”, “plan”, “plan”, “these words or other comparable words or expressions of a future nature or prospective. Therefore, we caution you that these forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable at the date of their writing, actual results may turn out to be materially different from the results expressed or implied by the forward-looking statements due to various risks, uncertainties and others. factors. For a discussion of some of the important risks and factors that could affect our future results and financial condition, see our filings with the United States Securities and Exchange Commission, including, but not limited to our report. annual on Form 10-K for the fiscal year ended. September 30, 2020. The Company expressly disclaims any intention or obligation to update any forward-looking statements, whether written or oral, which may be made from time to time by or on behalf of the Company or its subsidiaries, whether as a result of new information, change in circumstances or future events, or for any other reason.
About Meta Financial Group, Inc.®
Meta Financial Group, Inc.® (“Meta”) (Nasdaq: SPECIES) is a South Dakota-based financial holding company. At Meta, our mission is financial inclusion for all®. Via our subsidiary MetaBank®, NA, we strive to remove barriers to financial access and promote economic mobility by working with third parties to provide responsible, secure, and high-quality financial products that contribute to the social and economic benefits of communities at heart of the real economy. Meta works to increase financial availability, choice and opportunity for all. Additional information can be found by visiting www.metafinancialgroup.com.
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