AudioCodes sets 10b5-1 plan for share buybacks
AudioCodes Ltd. (AUDC) has adopted a stock trading plan under Rule 10b5-1 of the Exchange Act to repurchase its ordinary shares.
Rhea-AI Filing Summary
AudioCodes Ltd. (AUDC) has adopted a stock trading plan under Rule 10b5-1 of the Exchange Act to repurchase its ordinary shares. The plan is designed to allow repurchases during periods when the company could otherwise be restricted by insider trading laws or self-imposed trading blackout periods.
Repurchases will be executed by an independent broker on the company’s behalf, subject to the price, market volume and timing constraints of Rule 10b-18 and the specific parameters set in the Rule 10b5-1 Plan.
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Key Terms
Rule 10b5-1 Plan regulatory
Rule 10b-18 regulatory
trading blackout period regulatory
FAQ
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What did AUDIOCODES LTD (AUDC) announce in this Form 6-K?
How will the AUDC Rule 10b5-1 repurchase plan operate?
Why did AudioCodes Ltd. (AUDC) adopt a Rule 10b5-1 Plan?
What regulatory constraints apply to AudioCodes’ repurchases under this plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.