Ponce Financial Group, Inc. announces an Equity Buyback for 1,235,000 shares, representing 5% of its issued share capital.

Ponce Financial Group, Inc. (NasdaqGM:PDLB) announces a share repurchase program. Under the program, the company will repurchase up to 1,235,000 shares, representing 5% of its issued and outstanding share capital. The purpose of the program is to enhance shareholder value.

The repurchased shares will be held as treasury shares and may be used to fund restricted stock units and option grants under the company's existing equity plan or any equity plans adopted in the future. The program will expire on May 15, 2024.