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Alliance Data Announces Stock Repurchase ProgramCOLUMBUS, Ohio, July 9, 2019 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced that its board of directors has approved a new $1.1 billion share repurchase program beginning July 5, 2019 to replace the current program that was fully utilized earlier this year. Repurchases will be financed primarily through free cash flow, including proceeds from the recently completed sale of Epsilon®. The Company expects to maintain moderate levels of debt over the course of the repurchase program, providing flexibility to pursue portfolio purchases. "This repurchase agreement demonstrates the Board's confidence in our business model, our financial performance, and our commitment to delivering value to our stakeholders," said Tim King, chief financial officer of Alliance Data. "We will opportunistically repurchase our stock, while maintaining ample liquidity to have the flexibility to support our growth, as well as the continuation of a quarterly dividend." Under the new repurchase program, the Company is authorized to repurchase shares in open market purchases as well as in privately negotiated transactions from time to time through June 30, 2020. Stock purchased as part of this program will be held as treasury stock. The repurchase program's terms will comply with SEC Rule 10b-18, and the program is subject to market conditions, applicable legal requirements, contractual obligations, and other factors. The repurchase program does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time. About Alliance Data Alliance Data's card services business is a provider of market-leading private label, co-brand, and business credit card programs. LoyaltyOne® owns and operates the AIR MILES® Reward Program, Canada's most recognized loyalty program, and Netherlands-based BrandLoyalty, a global provider of tailor-made loyalty programs for grocers. In July 2019 Alliance Data completed the sale of its Epsilon® business to Publicis Groupe. Follow Alliance Data on Twitter, Facebook, LinkedIn, Instagram and YouTube. Forward Looking Statements We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. These risks and uncertainties include, but are not limited to, factors set forth in the Risk Factors section in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Further risks and uncertainties include, but are not limited to, the impact of strategic initiatives on us or our business if any transactions are undertaken, and whether the anticipated benefits of such transactions can be realized. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise. Contacts: Alliance Data Shelley Whiddon – Media View original content to download multimedia:http://www.prnewswire.com/news-releases/alliance-data-announces-stock-repurchase-program-300881410.html SOURCE Alliance Data Systems Corporation |