AVG Technologies N.V. Buyback
OLI recorded this information on 12/17/2015
AVG Technologies N.V.
Share Amount Authorized:
AVG Technologies N.V. (NYSE: AVG), the online security company, announced today that it has adopted an amendment to its previously announced approximately 1.6 million share repurchase program intended to cover AVG's obligations to deliver shares under its employee stock options incentive and restricted share units plans, as announced on November 9, 2015. The aggregate amount of its ordinary shares (the "shares") that AVG may repurchase under the first tranche of the share repurchase program, between November 10, 2015 and May 10, 2016, will remain USD 28 million, but the previously announced number of 1,166,667 shares that AVG may repurchase during this time is increased to 1,466,667 shares. The other terms of the share repurchase program as set out in the press release of November 9, 2015 will remain unchanged.
AVG Technologies is a technology group based in the Netherlands. Co. is engaged in the provision of software and online services that simplify, optimize and secure Internet activity. Co.'s solutions range from desktop, laptop and mobile security software to secure Internet search solutions which can be downloaded from the Internet. Co.'s product portfolio targets consumer and small business markets and includes Internet security, PC performance optimization, online backup, mobile security, identity protection and family safety software. In addition, Co.'s online services, accessed through a browser toolbar, provide secure search capabilities through agreements with Internet search providers.
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Hold (2.00 out of 4)
(ranked higher than approx. 70% of all stocks covered)
Based on Zacks ABR data;
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