09:28 AM EDT, 09/05/2025 (MT Newswires) -- United Parks & Resorts ( PRKS ) said Friday its shareholders have approved a $500 million repurchase program.

The buyback plan is subject to the qualification that United Parks will not repurchase more shares if Hill Path's stake in the company would, as a result of any repurchase, equal or surpass 70%, the company said.

The number of shares to be bought and the timing of purchases will be based on United Parks' trading windows and liquidity, among other factors, it added.

United Parks shares were up 2.4% in recent Friday premarket activity.