AudioCodes approves plan for ordinary share buybacks
An independent broker will have authority to execute repurchases under the plan, subject to its terms and Rule 10b-18 constraints.
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Rhea-AI Filing Summary
AudioCodes Ltd. adopted and approved a Rule 10b5-1 plan to repurchase its ordinary shares when applicable insider-trading laws or a self-imposed trading blackout period might otherwise prevent it from doing so. Repurchases under the plan are subject to Rule 10b-18 price, market-volume and timing constraints.
Key Terms
Rule 10b5-1 Plan regulatory
Rule 10b-18 regulatory
self-imposed trading blackout period regulatory
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