![]() ![]() The extent to which the Company repurchases shares of its Class A common stock and the timing of such purchases will depend upon market conditions, the Company's capital position, and other considerations as may be considered by the Company in its sole discretion. Repurchases may be conducted and may be suspended or terminated at any time without notice. Under the stock repurchase program, the Company may repurchase up to $125 million of its Class A common stock over the next twelve months from time to time in open market transactions, accelerated share repurchases or in privately negotiated transactions, each as permitted under applicable rules and regulations. ![]() At current valuations, we believe the repurchase of our shares represents an attractive investment opportunity to redeploy excess capital and enhance long-term shareholder value creation." "Our strong free cash flow generation provides us with the financial flexibility to invest simultaneously across all aspects of our capital deployment plan, including continuous innovation for organic growth, strategic M&A and providing returns to shareholders via share repurchase programs such as this. ![]() "The new stock repurchase program emphasizes the confidence that management and the board of directors have in Verra Mobility's strong fundamentals and free cash flow generation of our business," stated David Roberts, the chief executive officer of Verra Mobility. Verra Mobility (PRNewsfoto/Verra Mobility) ![]()
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