World Acceptance (WRLD) Raises Stock Buyback Plan by $25M
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World Acceptance Corp. (Nasdaq: WRLD) said its Board of Directors authorized the Company to repurchase up to $25 million of the Company's common stock.
This repurchase authorization follows, and is in addition to, a similar repurchase authorization of $25 million announced on June 11, 2012. After taking into account all shares repurchased through August 1, 2012 (including pending repurchase orders subject to settlement), the Company has approximately $35.1 million in aggregate remaining repurchase capacity under all of the Company’s outstanding repurchase authorizations.
The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements and other market and economic conditions. The Company’s stock repurchase program may be suspended or discontinued at any time.
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This repurchase authorization follows, and is in addition to, a similar repurchase authorization of $25 million announced on June 11, 2012. After taking into account all shares repurchased through August 1, 2012 (including pending repurchase orders subject to settlement), the Company has approximately $35.1 million in aggregate remaining repurchase capacity under all of the Company’s outstanding repurchase authorizations.
The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements and other market and economic conditions. The Company’s stock repurchase program may be suspended or discontinued at any time.
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