CSG Systems International Announces $150 Million Share Repurchase Plan

ENGLEWOOD, Colo.--()--CSG Systems International, Inc. (NASDAQ: CSGS), a global provider of interactive transaction-driven solutions and services, today announced an increase in planned share repurchases of up to $150 million under its Share Repurchase Program over the next three years, which represents approximately 20% of the value of its current outstanding shares. In addition, CSG’s Board of Directors has authorized an additional 7.5 million shares for repurchase, raising the remaining shares available for repurchase under our existing program to approximately 9 million. The Company may repurchase the shares in the open market or in privately negotiated transactions, including through an accelerated share repurchase plan or under Rule 10b5-1 plan. The actual timing and amount of share repurchases will be dependent on then current market conditions and other business-related factors.

“We have an enviable leadership position in the markets we serve and a solid business model that generates significant cash flows”

"We have an enviable leadership position in the markets we serve and a solid business model that generates significant cash flows," said Peter Kalan, chief executive officer and president of CSG International. "Our long-term relationships with some of the world's leading communications companies provide us with the visibility into our revenues and the flexibility to invest in our people, our products, and our clients, while at the same time return a significant amount of our cash to shareholders through both share buybacks and dividends."

About CSG International

CSG Systems International, Inc. (NASDAQ:CSGS) is a market-leading business support solutions and services company serving the majority of the top 100 global communications service providers, including leaders in fixed, mobile and next-generation networks such as AT&T, Comcast, DISH, France Telecom, Orange, T-Mobile, Telefonica, Time Warner Cable, Vodafone, Vivo and Verizon. With over 30 years of experience and expertise in voice, video, data and content services, CSG International offers a broad portfolio of licensed and Software-as-a-Service (SaaS)-based products and solutions that help clients compete more effectively, improve business operations and deliver a more impactful customer experience across a variety of touch points. For more information, visit our website at www.csgi.com.

Contacts

CSG International
Liz Bauer, 303-804-4065
Investor Relations
Liz.bauer@csgi.com

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