Cash America International, Inc. (NYSE: CSH) announced today that its wholly-owned subsidiary that comprises its e-commerce segment, Enova International, Inc. (“Enova”), filed an amendment to its registration statement on Form S-1, which was originally filed with the U.S. Securities and Exchange Commission on September 15, 2011. The registration statement filed in September 2011 provided that Cash America and Enova planned to sell shares of Enova common stock in a proposed initial public offering ("IPO"), subject to market conditions, and that Cash America intended to divest a majority of its ownership interest in Enova in the IPO. The amendment to Enova’s registration statement filed today provides that only Enova plans to sell shares of Enova common stock in the proposed IPO, subject to market conditions, and that immediately following the IPO, Cash America expects to own approximately 80% or more of Enova. Enova is a provider of online financial services to alternative credit consumers in the United States, the United Kingdom, Australia and Canada. Enova intends to list its common stock on the New York Stock Exchange under the symbol “ENVA.”
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The completion of the Enova initial public offering is subject to numerous conditions, including market conditions, and the Company can provide no assurance that it will be successfully completed.
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