Higher One Holdings, Inc. Announces $40 Million Share Repurchase Program
August 23 2011 - 8:53AM
Business Wire
Higher One Holdings, Inc. (NYSE: ONE) ("Higher One") today
announced that its board of directors authorized a share repurchase
program pursuant to which Higher One may repurchase up to $40
million of its issued and outstanding shares of common stock
through September 7, 2012. Repurchases under the program may be
effected through open market purchases, trading plans established
in accordance with Securities and Exchange Commission ("SEC")
rules, derivative transactions or other means. The timing and
amount of repurchases under the authorization will depend on market
conditions and Higher One’s other funding requirements. The share
repurchase program was put in place primarily to allow the company
to opportunistically reverse dilution from the exercise of past and
future employee stock options and stock-based earn-out
agreements.
About Higher One Holdings, Inc.
Higher One Holdings, Inc. (NYSE: ONE) is a leading company
focused on helping college business offices manage operations and
providing enhanced service to students. Through a full array of
services from refunds, payments, electronic billing, payment plans
and more, Higher One works closely with colleges and universities
to ensure students receive Financial Aid refunds quickly, can pay
tuition and bills online, make on-campus and community purchases
and learn the basics of financial management.
Higher One provides its services to approximately 5.5 million
students at distinguished public and private higher education
institutions nationwide. More information about Higher One can be
found at www.ir.higherone.com.
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