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ADP Authorized to Purchase $5 Billion of its Common Stock

November 12, 2019 at 5:20 PM EST

ROSELAND, N.J., Nov. 12, 2019 /PRNewswire/ -- The board of directors of ADP (Nasdaq: ADP) authorized the purchase of $5 billion of its common stock, Carlos Rodriguez, president and chief executive officer, announced today.

This authorization replaces in its entirety the previous 2015 authorization to purchase up to 25 million shares of common stock.  ADP had approximately 433 million common shares outstanding as of October 30, 2019.  

About ADP (Nasdaq: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people.  Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, LLC.

Copyright © 2019 ADP, LLC. All rights reserved.

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SOURCE ADP, LLC

Allyce Hackmann, 201.400.4583, Allyce.Hackmann@adp.com; ADP Investor Relations, 973.974.5858, Investor.Mail@ADP.com

PR Contacts

Allyce Hackmann

973-974-3064
allyce.hackmann@adp.com

Joanna DiNizio

973-974-5178
Joanna.DiNizio@adp.com

Jason Ledder

973-974-6851
jason.ledder@adp.com

Dana Casalino

973-974-6869
Dana.Casalino@adp.com

Leann McDonough

973-974-6861
Leann.McDonough@adp.com