SP Plus (SP) Reports Additional $50M Share Buyback Authorization

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SP Plus Corporation Announces Additional $50 Million Share Repurchase Authorization

March 9, 2020 9:00 AM EDT

CHICAGO, March 09, 2020 (GLOBE NEWSWIRE) -- SP Plus Corporation (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, today announced its Board has approved a new share repurchase authorization of $50 million. This new authorization is in addition to the approximately $11.5 million currently remaining under the Companys prior $50 million repurchase authorization that was approved in July 2019.

G Marc Baumann, Chief Executive Officer, stated, We are pleased with the new repurchase authorization, which provides us flexibility to opportunistically repurchase additional shares, given market conditions... More