Alliance Data Systems Corporation (NYSE:ADS) announces a share repurchase program. Under the program, the company will repurchase up to $400 million of its common stock. Repurchases will be made from time to time in open market as well as in privately negotiated transactions.

The repurchased shares will be held in treasury. Repurchases will be financed through free cash flow. The repurchase program represents the company's continued commitment to maximize stockholder value.

The repurchase program is structured to comply with the SEC's Rule 10b-18, and the program is subject to market conditions, applicable legal requirements, contractual obligations, credit agreements, indentures and other factors. The repurchase program does not obligate the company to acquire any specific number of shares and may be suspended or terminated at any time. The share repurchase program is valid until December 31, 2014.