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Thursday, September 24, 2015 9:03:36 AM
HERZLIYA, Israel, September 24, 2015 /PRNewswire/ --
SuperCom Ltd. (SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, today announced that its Board of Directors has approved the repurchase of up to one million of the company's ordinary shares.
The duration of the program is open-ended, does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time.
"Given the underlying strength of SuperCom's business and recent equity market volatility, this program provides us the ability to opportunistically acquire our shares at attractive prices and underscores our commitment to returning value to our shareholders," commented Mr. Arie Trabelsi, President and CEO of SuperCom." Although we are consistently facing opportunities in our operations and target markets to deploy capital with potential for high returns, we are pleased to have this additional channel available for our capital allocation strategy which we believe should increase shareholder value over time.
Under the program authorized by its Board of Directors, SuperCom may purchase shares in open market transactions. The extent to which SuperCom repurchases its shares and the timing of such repurchases is at the discretion of SuperCom's management and will depend upon market conditions and other corporate considerations, including regulatory requirements. The purchases are expected to be funded with existing cash on hand.
Recent SPCB News
- Form F-1 - Registration statement for certain foreign private issuers • Edgar (US Regulatory) • 05/06/2024 08:36:29 PM
- SuperCom Receives over $5.0 Million in new Orders from European Governments • PR Newswire (US) • 04/25/2024 12:00:00 PM
- SuperCom Reports 51% Annual Revenue Growth, Non-GAAP EPS of $0.47 and 5-Year-Record EBITDA of $4.8 million for Full Year 2023 • PR Newswire (US) • 04/22/2024 11:38:00 AM
- SuperCom to Report Fourth Quarter and Full Year 2023 Financial Results on April 22, 2024 • PR Newswire (US) • 04/18/2024 06:21:00 PM
- SuperCom Announces Pricing of $2.9 Million Registered Direct Offering • PR Newswire (US) • 04/18/2024 12:30:00 PM
- SuperCom Wins New Project in California Valued at Up to $2.0 million • PR Newswire (US) • 03/27/2024 01:51:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:07:22 PM
- SuperCom Announces New EM Contract in California • PR Newswire (US) • 02/08/2024 01:34:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/22/2024 10:00:41 PM
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- SuperCom Secures New USA Electronic Monitoring Contract for its PureOne and Domestic Violence Solutions • PR Newswire (US) • 12/06/2023 02:15:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/15/2023 01:03:34 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/15/2023 01:01:53 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/15/2023 01:00:09 PM
- SuperCom Reports 550% YoY EBITDA Growth and 5-Year-Record Net Profit for the Third Quarter 2023 • PR Newswire (US) • 11/14/2023 02:05:00 PM
- SuperCom to Report Third Quarter 2023 Financial Results on November 14, 2023 • PR Newswire (US) • 11/13/2023 02:02:00 PM
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- SuperCom Receives Nasdaq Letter on Minimum Bid Requirements • PR Newswire (US) • 09/18/2023 08:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/14/2023 01:00:28 PM
- SuperCom Secures New Electronic Monitoring Contract in California Valued at up to $3 Million • PR Newswire (US) • 08/16/2023 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/03/2023 09:24:32 PM
- Form 424B4 - Prospectus [Rule 424(b)(4)] • Edgar (US Regulatory) • 08/03/2023 11:00:18 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/03/2023 04:15:27 AM
- SuperCom Announces Pricing of $2.75 Million Public Offering • PR Newswire (US) • 08/02/2023 01:16:00 PM
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