World Acceptance approves $50M share repurchase program

In a regulatory filing, World Acceptance (WRLD) Corporation disclosed that the board of directors of the company approved a share repurchase program authorizing the company to repurchase up to $50.0M of its outstanding common stock inclusive of any amount that remains available for repurchase under prior repurchase authorizations. “The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, available funds, alternative uses of capital, restrictions under the Revolving Credit Agreement, and other market and economic conditions. The company’s stock repurchase program may be suspended or discontinued at any time,” the filing noted.