World Acceptance Corp. (NASDAQ:
WRLD) authorized the Company to repurchase up to $25 million of the Company's common stock. This repurchase authorization follows, and is in addition to, similar repurchase authorizations of $25 million announced on May 23, 2011. After taking into account all shares repurchased through August 19, 2011, the Company has approximately $ 25.5 million in aggregate remaining repurchase capacity under all of the Company's outstanding repurchase authorizations.
The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements and other market and economic conditions. The Company's stock repurchase program may be suspended or discontinued at any time.
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