NCR Voyix Announces Increase to Share Repurchase Program Authorization

Key Terms

share repurchase program financial

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

series a convertible preferred stock financial

Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.

ATLANTA--(BUSINESS WIRE)-- NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix” or the “Company”), a platform-powered leader in unified commerce for shopping and dining, announced that its Board of Directors (the “Board”) has authorized an incremental increase to the Company’s existing share repurchase program, bringing the total authorization under the program to $300 million.

“This buyback authorization reinforces the confidence of the Board and management in the strength and trajectory of the Company as we maintain a disciplined capital allocation strategy,” stated James G. Kelly, President and Chief Executive Officer of NCR Voyix.

The Company may utilize the amended share repurchase program from time to time at the discretion of management to opportunistically repurchase shares of the Company’s common stock and Series A Convertible Preferred Stock based on a variety of factors, including stock price, the Company’s performance, market conditions and other possible uses of cash.

About NCR Voyix

NCR Voyix Corporation (NYSE: VYX) is a global platform-powered leader in unified commerce for shopping and dining. Combining a flexible, intelligent platform with end-to-end payments capabilities and services developed through its deep industry experience, NCR Voyix empowers retailers and restaurants to accelerate new possibilities for their operations, experiences and business outcomes. NCR Voyix is headquartered in Atlanta, Georgia, and serves customers in more than 35 countries worldwide.

Forward-Looking Statements

This release includes statements which may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. In some cases, you can identify forward-looking statements by using words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “approximate,” “predict,” “potential,” or “continue” or any other similar terminology intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements relating to the existing share repurchase program; the expected utilization of the program, including the types of equity securities available for repurchase under the program; or the timing, manner, amount or any dependencies of futures purchases, including, among others, the Company’s stock price, performance or other uses of cash, as well as the Company’s future prospects, business strategies or objectives for future operations. Actual results may differ materially from forward-looking statements expressed or implied in this release, and the Company assumes no obligation, except where required by law, to update any forward-looking statements made in this press release or to conform such statements to actual results or changes in the Company’s expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217438284/en/

NCR Voyix Contacts

Investor Relations:

Sarah Jane Schneider

investor.relations@ncrvoyix.com

Media Relations:

Chad Biele

media.relations@ncrvoyix.com

Source: NCR Voyix Corporation