Good afternoon, ladies and gentlemen, and welcome to the Ezcorp Fourth Quarter and Full Year Fiscal 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. As a reminder, this call may be recorded.
I would now like to turn the conference over to Michael (ph) Keim , Investor Relations. Please go ahead Michael.
Thank you and good afternoon everyone. During our prepared remarks, we will be referring to slides which are available for viewing or download from our website at investors.ezcorp.com. Before we begin, I'd like to remind everyone that this conference call as well as the presentation slides contain certain forward-looking statements regarding the company's expected operating and financial performance for future periods. These statements are based on the company's current expectations actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of risks and other factors that are discussed in our annual quarterly and other
reports filed with the Securities and Exchange Commission. And as noted in the presentation materials and unless otherwise identified results are presented on an adjusted basis to remove the effect of foreign currency fluctuations and other discrete items.Now I'd like to turn the call over to Mr. Stuart Grimshaw. Stuart?
Stuart I. Grimshaw
Thanks, Michael. Good afternoon and welcome to the fourth quarter results. If we turn to Page 4 of the presentation. I'd like to highlight a few of the key themes for the quarter. The Board has approved an up to $60 million share repurchase program of our Class A non-voting common shares over a three-year period. This decision reflects our commitment to driving shareholder value through the efficient and effective use of capital.
Supporting the decision of the Board has been the strengthening of our balance sheet with a cash balance of $162 million at September year-end. You will also remember that we repaid $195 million in June 2019 convertible note at maturity. Our next bond maturity is in 2024. For the 2019 financial year, we opened 22 de novo stores in Latin America and are targeting a further (ph) 40 throughout the 2020 financial year. We also acquired 7 stores in Nevada in June 2019.
As we mentioned on the last call, we remain disciplined on the acquisition front. And while we continue to see attractive opportunities the vendor asking process do not reflect the desired returns and ROIC targets that we have for ourselves. The new point-of-sale system was successfully rolled out across all stores in the US and Mexico in October of this year.
From a management perspective, we've achieved a lot over the past four years with EBITDA more than doubling. LatAm presence expanding resulting in a LatAm EBITDA of 36% since 2017. Strong cash generation in fiscal 2019 with $112 million free cash flow and collection on notes receivable,a continued sound performance from the US business and importantly,
Stuart I. Grimshaw
Chief Executive Officer
Daniel M. Chism
Chief Financial Officer
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