Bread Financial™ Announces Approval of $30 Million Share Repurchase Program
21 Février 2024 - 1:30PM
Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward
financial services company that provides simple, personalized
payment, lending and saving solutions, today announced that its
Board of Directors has approved a new plan to purchase up to $30
million of shares of the Company’s common stock.
As part of Bread Financial’s continued commitment to its stated
capital priorities, the share buyback is designed to offset the
impact of dilution associated with issuances of employee restricted
stock units.
The board’s authorization permits the Company to make open
market share repurchases from time-to-time through December 31,
2024 in compliance with SEC Rule 10b-18 and subject to market
conditions and other factors, including legal and regulatory
restrictions and required approvals, up to the aggregate amount
authorized by the board. The repurchase program does not obligate
the Company to acquire any specific number of shares and may be
suspended or terminated at any time.
About Bread Financial™Bread
Financial™ (NYSE: BFH) is a tech-forward financial services company
providing simple, personalized payment, lending and saving
solutions. The company creates opportunities for its customers and
partners through digitally enabled choices that offer ease,
empowerment, financial flexibility and exceptional customer
experiences. Driven by a digital-first approach, data insights and
white-label technology, Bread Financial delivers growth for its
partners through a comprehensive suite of payment solutions that
includes private label and co-brand credit cards and Bread Pay™ buy
now, pay later products. Bread Financial also offers
direct-to-consumer products that give customers more access, choice
and freedom through its branded Bread Cashback™ American Express®
Credit Card and Bread Savings™ products.
Headquartered in Columbus, Ohio, Bread Financial is powered by
its approximately 7,000 global associates and is committed to
sustainable business practices. To learn more about Bread
Financial, visit BreadFinancial.com or follow us
on Facebook, LinkedIn, Twitter/X and Instagram.
Forward-Looking StatementsThis release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, including, among other things, statements regarding
our intended share repurchases and the expected impact on share
count dilution. We believe that our expectations are based on
reasonable assumptions. Forward-looking statements, however, are
based only on currently available information and our current
beliefs, expectations and assumptions, and are subject to a number
of risks and uncertainties that are difficult to predict and, in
many cases, beyond our control, including risk and uncertainties
described in greater detail under the headings “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in our Annual Report on Form 10-K for the
most recently ended fiscal year, which may be updated in Item 1A
of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for
periods subsequent to such Form 10-K. Our forward-looking
statements speak only as of the date made, and we undertake no
obligation, other than as required by applicable law, to update or
revise any forward-looking statements, whether as a result of new
information, subsequent events, anticipated or unanticipated
circumstances or otherwise.
Investors/Analysts
Brian VerebBrian.Vereb@BreadFinancial.com
Susan HaugenSusan.Haugen@BreadFinancial.com
Media
Rachel StultzRachel.Stultz@BreadFinancial.com
Bread Financial (NYSE:BFH)
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