AudioCodes adopts 10b5-1 share repurchase plan
AudioCodes Ltd. reported that it has adopted a stock trading plan under Rule 10b5-1 to repurchase its ordinary shares.
Rhea-AI Filing Summary
AudioCodes Ltd. reported that it has adopted a stock trading plan under Rule 10b5-1 to repurchase its ordinary shares. This structure allows the company to continue buybacks even during periods when it might otherwise be restricted by insider trading laws or internal blackout periods.
The plan will be executed by an independent broker, who is authorized to repurchase shares on the company’s behalf within predefined pricing and other parameters. Repurchases are also constrained by the market volume, price and timing requirements of Rule 10b-18 under the U.S. securities laws.
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Key Terms
Rule 10b5-1 Plan regulatory
Rule 10b-18 regulatory
trading blackout period financial
independent broker financial
FAQ
What did AudioCodes (AUDC) announce in this Form 6-K?
How do Rules 10b5-1 and 10b-18 affect AudioCodes’ buybacks?
Who authorized the filing regarding AudioCodes’ buyback plan?
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