The Providence Service Corporation Announces Authorization of $75 Million Stock Repurchase Program
PROVIDENCE SERVICE (PRSC)
Last providence service earnings: 11/7 04:10 pm
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US:NASDAQ Investor Relations:
prscholdings.com/investor-relations
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Source: GlobeNewswire
ATLANTA, March 12, 2020 (GLOBE NEWSWIRE) -- The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC), the country’s largest provider of non-emergency medical transportation (“NEMT”) programs and holder of a minority interest in Matrix Medical Network, today announced that its Board of Directors has approved a $75 million stock repurchase program (the “New Stock Repurchase Program”), effective as of March 12, 2020. Under the New Stock Repurchase Program, the Company may repurchase common stock, par value $0.001 per share with an aggregate value of up to $75 million through December 31, 2020. The New Stock Repurchase Program does not obligate the Company to repurchase any particular amount of common stock, and it could be modified, suspended or discontinued at any time. Purchases of the Company’s common stock may be made in open market transactions effected through a broker-dealer at prevailing market prices, in block trades, or by other means in accordance
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