AVG Technologies N.V. (NYSE: AVG) has reported the second tranche of its repurchase program announced on May 9, 2013.
According to the program, AVG may repurchase up to 2,500,000 ordinary shares between November 13, 2013 and May 10, 2014. During the first tranche, 1,500,000 ordinary shares were repurchased between June 19, 2013 and November 5, 2013.
Under the first tranche of the share repurchase program AVG has, up to November 5, 2013, repurchased in open market transactions 1,500,000 ordinary shares for a total consideration of USD32,172,479.75 and a weighted average price per share of USD22.18.
The share repurchase plan does not require AVG to acquire any specific number of shares and may be terminated by AVG at any time without prior notice.
AVG´s mission is to simplify, optimize and secure the Internet experience, providing peace of mind to a connected world. AVG´s powerful yet easy–to–use software and online services put users in control of their Internet experience. The company´s website is at www.avg.com.