The Meet Group (MEET) Approves $30M Buyback Plan

The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its Board of Directors has approved a share repurchase program that enables the Company to purchase up to $30 million of its shares of common stock from time to time in the open market or through negotiated transactions through 2021. The Company expects to fund purchases with cash from operations.

"The new stock repurchase program underscores our belief in the livestreaming video opportunity and our positive long-term outlook for our business,” said Geoff Cook, Chief Executive Officer of The Meet Group. "We expect to continue to generate meaningful cash flow, enabling us to buy back shares as we execute on our commitment to drive value for our shareholders.”

Repurchases under the Company’s program will be made in the open market or through privately negotiated transactions intended to comply with the Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. The share repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company’s discretion. The Meet Group had approximately 75.6 million shares of common stock outstanding as of May 31, 2019.

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