Alliance Data Systems (ADS) Announces New $500M Stock Buyback Plan

Alliance Data Systems Corporation (NYSE: ADS) announced that its board of directors has approved a new stock repurchase program to acquire up to $500 million of the Company's common stock during 2016. The new repurchase program replaces the existing program, which expired at the end of 2015.

"We are pleased to announce our new share repurchase program as it underscores the confidence we have in our business model, our financial performance, and prospects in 2016 and beyond," said Charles Horn, chief financial officer of Alliance Data. "We will opportunistically repurchase our stock, while maintaining ample liquidity to support the future growth of the business."

Under the repurchase program the Company is authorized to repurchase shares in open market purchases as well as in privately negotiated transactions from time to time through December 31, 2016. Stock purchased as part of this program will be held as treasury stock. The repurchase program's terms have been structured to comply with the SEC's Rule 10b-18, and the program is subject to market conditions, applicable legal requirements, contractual obligations, and other factors. The repurchase program does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time.

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