AudioCodes adopts Rule 10b5-1 share repurchase plan
AudioCodes Ltd. has adopted a stock trading plan under Rule 10b5-1 to repurchase its ordinary shares.
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Rhea-AI Filing Summary
AudioCodes Ltd. has adopted a stock trading plan under Rule 10b5-1 to repurchase its ordinary shares. This plan allows the company to continue buybacks even during periods when it might otherwise be restricted by insider trading laws or self-imposed blackout periods.
Repurchases made under the plan must follow the price, market volume and timing limits set by Rule 10b-18. An independent broker, chosen by AudioCodes, is authorized to execute these share repurchases on the company’s behalf according to the plan’s preset pricing and other terms.
FAQ
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What did AudioCodes (AUDC) announce in this 6-K filing?
What regulatory rules govern AudioCodes’ new buyback plan?
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