Meta Financial Group (CASH) Announces 6M Share Buyback Plan

Meta Financial Group, Inc.® (Nasdaq: CASH) (the “Company”) announced that its Board of Directors authorized a share repurchase program to repurchase up to 6,000,000 shares of the Company’s outstanding common stock on or before September 30, 2024.

Under its current stock repurchase program, which expires on December 31, 2022, the Company has purchased 5,949,827 shares of the 7,500,000 total shares authorized for repurchase. The Company may repurchase the remaining 1,550,173 shares under the current stock repurchase program on or before December 31, 2022.

“Our Board of Directors’ decision to approve a new share repurchase authorization reflects the underlying momentum of our business and our continued confidence in the Company’s growth trajectory, consistent with our balanced approach to capital management,” said Douglas J. Hajek, Chairman of Meta’s Board of Directors.

The Company may repurchase shares of its common stock on the open market and/or in privately negotiated transactions. Open market repurchases will be made in accordance with applicable securities laws and regulations and may be effected pursuant to Rule 10b5-1 trading plans. The manner, timing and amount of any stock repurchases will be determined by the Company based on its evaluation of various factors, including its assessment of alternative uses of capital, the Company’s stock trading price, general market and economic conditions, regulatory requirements and other business and legal considerations. The repurchase program does not obligate the Company to acquire any particular amount of common stock or to acquire shares on any particular timetable, and the program may be suspended or discontinued at any time at the Company’s discretion.

You May Also Be Interested In

• Amplify Energy posts Q2 profit, approves $15M buyback
• Paradium.AI acquires InfoSentience to expand AI content generation
• GEN Restaurant Group gets $100M buyout offer for U.S. locations