Tranche Update on PROG Holdings, Inc.'s Equity Buyback Plan announced on February 15, 2018.
April 29, 2021 at 09:25 am EDT
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From January 1, 2021 to February 22, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 4,905,677 shares, representing 7.12% for $238 million under the buyback announced on February 15, 2018.
PROG Holdings, Inc. is a financial technology holding company. The Company is engaged in providing payment options and inclusive consumer financial products. It operates through two segments: Progressive Leasing and Vive Financial. Progressive Leasing segment is an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider. Progressive Leasing segment provides consumers with lease-purchase solutions through its point-of-sale partner locations and e-commerce Website partners. It does so by purchasing the merchandise from the POS partners desired by customers and, in turn, leasing that merchandise to the customers through a cancellable lease-to-own transaction. Vive segment primarily serves customers that may not qualify for traditional prime lending offers who desire to purchase goods and services from participating merchants. Vive offers customized programs with services that include revolving loans through private label and Vive-branded credit cards.