Tranche Update on PROG Holdings, Inc.'s Equity Buyback Plan announced on February 25, 2021.
April 29, 2021 at 09:25 am EDT
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From February 22, 2021 to March 31, 2021, the company has repurchased 588,726 shares, representing 0.87% for $28.1 million. With this, the company has completed the repurchase of 588,726 shares, representing 0.87% for $28.1 million under the buyback announced on February 25, 2021.
PROG Holdings, Inc. is a fintech holding company that provides payment options and inclusive consumer financial products. Its Progressive Leasing segment is provider of e-commerce, app-based, in-store point-of-sale lease-to-own solutions provider. The 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. Its 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. Its Four segment provides consumers of all credit backgrounds with BNPL options through four interest-free installments.
PROG HOLDINGS, INC. 
