ALPHARETTA, Ga.–(Company WIRE)–Precedence Technological know-how Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Organization”), a major payments technological know-how corporation encouraging clients obtain, retail store and deliver funds, these days announced that its Board of Directors authorized a share repurchase software underneath which it approved the Organization to repurchase up to $10,000,000 truly worth of shares of its frequent inventory.
“We imagine that Precedence shares are trading perfectly beneath intrinsic benefit and that repurchasing shares of Priority is a excellent use of funds at this time. Whilst we carry on to aim on driving good progress, strategic M&A and paying out down credit card debt, we consider that repurchasing our shares is an additional action toward enhancing shareholder returns,” stated Tom Priore, Precedence Chairman and Main Executive Officer. “The Board’s choice to approve a new share repurchase system displays continued self esteem in the power of our money situation, the sustainability of our organization and the endorsement of our method relocating ahead.”
Repurchases may well be made at management’s discretion from time to time on the open industry, by way of privately negotiated transactions and through 10b5-1 plans. The repurchase plan has no time limit and may perhaps be suspended for intervals, amended or discontinued at any time. Any shares acquired will be offered for common company functions.
About Priority Technologies Holdings, Inc.
Precedence is a leading provider of merchant getting, integrated payment software program and business payment remedies, supplying unique products and company capabilities to its merchant network and distribution companions. Priority’s company operates from a intent-constructed small business platform that contains tailored shopper service offerings and bespoke technologies progress, allowing for the Business to give conclude-to-conclusion answers for payment and payment-adjacent opportunities. Additional information can be uncovered at www.PRTH.com.
This press release is made up of “forward-seeking statements” in the indicating of the Private Securities Litigation Reform Act of 1995. Such statements consist of, but are not limited to, statements about foreseeable future monetary and working benefits, our designs, targets, expectations and intentions with regard to foreseeable future functions, goods and products and services, and other statements discovered by words and phrases these as “may,” “will,” “should,” “anticipates,” “believes,” “expects,” “plans,” “future,” “intends,” “could,” “estimate,” “predict,” “projects,” “targeting,” “potential” or “contingent,” “guidance,” “outlook” or words of very similar which means. These forward-searching statements incorporate, but are not constrained to, our 2022 outlook and statements concerning our marketplace and growth alternatives. This kind of forward-looking statements are based mostly on the present beliefs and anticipations of our management and are inherently subject to major business enterprise, economic and competitive hazards, traits and uncertainties that could result in precise success to differ materially from those people projected, expressed, or implied by these kinds of ahead-wanting statements. These forward-looking statements might consist of, but are not limited to, statements about the consequences of the COVID-19 pandemic on our revenues and fiscal working success. Our actual results could vary materially, and likely adversely, from those people discussed or implied herein.
We warning that it is quite difficult to forecast the affect of identified factors, and it is unachievable for us to foresee all factors that could impact our actual effects. All ahead-searching statements are expressly qualified in their entirety by these cautionary statements. You ought to appraise all forward-seeking statements built in this push launch in the context of the hazards and uncertainties disclosed in our SEC filings, such as our Once-a-year Report on Kind 10-K and our Quarterly Report on Form 10-Q filed with the SEC on March 16, 2022 and May perhaps 11, 2022, respectively. These filings are out there on the net at www.sec.gov or www.PRTH.com.
We caution you that the essential elements referenced above may well not include all of the aspects that are important to you. In addition, we are unable to assure you that we will understand the effects or developments we assume or anticipate or, even if substantially recognized, that they will result in the outcomes we foresee or influence us or our functions in the way we hope. You are cautioned not to place undue reliance on forward-on the lookout statements as a predictor of upcoming overall performance. The forward-wanting statements integrated in this press launch are created only as of the date hereof. We undertake no obligation to publicly update or revise any ahead-wanting assertion as a result of new information, foreseeable future occasions or usually, apart from as normally essential by law. If we do update a person or a lot more forward-searching statements, no inference ought to be built that we will make further updates with respect to people or other ahead-on the lookout statements. We qualify all of our forward-hunting statements by these cautionary statements.