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General

AudioCodes approves new USD 15 mln share buy back programme

Thursday 2 April 2015 | 09:41 CET | News
VoIP equipment provider AudioCodes has approved an additional share buy back programme of up to USD 15 million worth of shares, at a nominal value of NIS 0.01. The new programme follows one initiated last year of USD 15 million. From that programme, AudioCodes has repurchased around USD 7 million worth. As of 20 March, AudioCodes had about 41.6 million share outstanding. The programmes will be funded from available working capital. AudioCodes expects the court approval process for the additional repurchase programme to take three months.

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Categories: General
Companies: AudioCodes
Countries: Israel / World
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