FinVolution Group Announces New Share Repurchase Program of Up to US$150 million
FinVolution Group (NYSE: FINV) announced a new share repurchase program authorizing buybacks of up to US$150 million in shares/ADSs.
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Rhea-AI Summary
FinVolution Group (NYSE: FINV) announced a new share repurchase program authorizing buybacks of up to US$150 million in shares/ADSs.
The program runs from May 30, 2026 to May 29, 2028 and is the company’s fifth, following cumulative repurchases of about US$516.7 million since 2018.
Positive
- New share repurchase authorization of up to US$150 million through May 2028
- Cumulative share repurchases of approximately US$516.7 million since March 2018
- Fifth repurchase program signals continued focus on shareholder capital returns
Negative
- None.
Details
News Market Reaction – FINV
On May 26, the first trading day after this news, FINV closed 10.24% above the previous close.
Data tracked by StockTitan Argus for the May 26 session.
Key Figures
- New buyback authorization
- US$150.0 million
- Maximum aggregate repurchases under New Share Repurchase Program
- Cumulative buybacks
- US$516.7 million
- Total ADS repurchases from Mar 21, 2018 through Mar 31, 2026
- Program window start
- May 30, 2026
- Effective date of New Share Repurchase Program
- Program window end
- May 29, 2028
- Scheduled end date of New Share Repurchase Program
- Buyback programs count
- 5 programs
- New authorization is the company’s fifth share repurchase program
Previous Buybacks Reports
-
Announced US$150 million buyback as fourth share repurchase program.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
block trades financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution Group, said, "Shareholder return remains a cornerstone of our capital allocation strategy. Since the initial launch of our first share repurchase program on March 21, 2018, through March 31, 2026, we have cumulatively deployed approximately
Mr. Shaofeng Gu, Chairman of FinVolution Group, added, "The Board's approval of this new program reflects our conviction in the Company's growth trajectory and disciplined approach to capital allocation. As our international platform continues to gain traction across multiple geographies and our domestic operations deliver stable profitability, we believe share buybacks represent a compelling use of capital. We are confident in our ability to deliver sustainable long-term returns to our stakeholders."
The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Board will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
About FinVolution Group
FinVolution Group is a leading fintech platform with strong brand recognition across
For more information, please visit https://ir.finvgroup.com
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
For investor and media inquiries, please contact:
In
FinVolution Group
Head of Capital Markets
Yam Cheng
Tel: +86 (21) 8030 3200 Ext. 8601
E-mail: ir@xinye.com
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com
In
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com
View original content:https://www.prnewswire.com/news-releases/finvolution-group-announces-new-share-repurchase-program-of-up-to-us150-million-302781331.html
SOURCE FinVolution Group
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