Enova Announces $25 Million Share Repurchase Program

PR Newswire 15-Sep-2017 4:16 PM

CHICAGO, Sept. 15, 2017 /PRNewswire/ --Enova International (NYSE: ENVA), a leading financial technology company offering consumer and small business loans and financing,today announced that its Board of Directors has authorized a share repurchase plan for up to$25 millionof its common stock through December 31, 2019.

"This share repurchase plan will give us additional flexibility to deliver on our commitment to creating value for our shareholders, while reserving adequate liquidity for our primary focus of investing in our six growth businesses," said David Fisher, Enova's CEO.

Repurchases will be made in accordance with applicable securities laws from time to time in the open market, through privately negotiated transactions, or otherwise. The share repurchase program does not obligate the Company to purchase any shares of its common stock. The authorization for the share repurchase program may be terminated, increased or decreased by the Company's Board of Directors in its discretion at any time.

About Enova

Enova (NYSE: ENVA) is a leading provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, innovative technology, and world-class online platform and services. Enova has provided almost five million customers around the globe access to more than $20 billion in loans and financing. The financial technology company has a portfolio of trusted brands serving consumers, including CashNetUSA, DollarsDirect, NetCredit, On Stride Financial, Pounds to Pocket, QuickQuid and Simplic; two brands serving small businesses, Headway Capital and The Business Backer; and offers online lending platform services to lenders. Through its Enova Decisions brand, it also delivers on-demand decision-making technology and real-time predictive analytics services to clients. You can learn more about the company and its brands atwww.enova.com.

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SOURCE Enova International, Inc.