Accel Entertainment (ACEL) Announces $200M Share Buyback

Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a leading distributed gaming operator in the U.S., today announced that the Company’s Board of Directors has approved a share repurchase program of up to $200 million of shares of common stock. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.

Accel Entertainment CEO Andy Rubenstein commented, “Based on Accel’s current valuation and strong free cash flow position, our Board and Management team believe this is an attractive, balanced way to maximize stockholder value as we continue to execute our strategic growth plans. This announcement underscores the confidence we continue to have in the strength of our balance sheet as well as the quality of our strategic assets. We are excited to pursue a potential return of capital to stockholders in conjunction with furthering our mission of capturing growth across the country.”

Under the repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases or privately negotiated transactions, in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.

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