Network-1 Extends Its Share Repurchase Program; The Timing And Amount Of Shares Repurchased Will Be Determined By Network‐1's Management Based On Market Conditions And Other Factors.
Network-1 Extends Its Share Repurchase Program; The Timing And Amount Of Shares Repurchased Will Be Determined By Network‐1's Management Based On Market Conditions And Other Factors.
Network-1 Technologies, Inc. (NYSE:NTIP) announced today that its Board of Directors has extended its previously announced share repurchase program (the "Share Repurchase Program") pursuant to Rule 10b-18 of the Securities Exchange Act, as amended, authorizing Network-1 to repurchase up to $5,000,000 of shares of its common stock over the next two years. To date, Network‐1 has repurchased an aggregate of 9,360,944 shares of its common stock under the Share Repurchase Program since inception of the program in August 2011 at an average price of $1.93 per share or an aggregate cost of approximately $18,085,981 (exclusive of commissions).
亞洲網加利福尼亞州聖約瑟10月24日電Network-1 Technologies，Inc.(紐約證券交易所市場代碼：NTIP)今天宣佈，其董事會已根據修訂後的《證券交易法》第10b-18條延長了其先前宣佈的股票回購計劃(“股票回購計劃”)，授權Network-1公司在未來兩年內回購最多500萬美元的普通股。到目前為止，Network-1自2011年8月股票回購計劃開始以來，已根據該計劃回購了總計9,360,944股普通股，平均價格為每股1.93美元，總成本約為18,085,981美元(不包括佣金)。
The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions in the Network‐1's discretion. The timing and amount of shares repurchased will be determined by Network‐1's management based on its evaluation of market conditions and other factors. The Share Repurchase Program may be increased, suspended or discontinued at any time.
普通股可不時在公開市場交易或私下協商的交易中回購-S酌情決定。回購股份的時機和金額將由網路一號S管理層根據其對市場狀況和其他因素的評估來確定。股票回購計劃可隨時增加、暫停或終止。
The extension Share Repurchase Program was approved by Network‐1's Board of Directors as part of its ongoing consideration of alternative methods to take advantage of its strong cash position. The Board of Directors believes that the extension of the Share Repurchase Program at this time is in the best interests of Network‐1 and its shareholders and will not impact Network‐1's ability to execute its future plans.
延期股份回購計劃得到了S網路董事會的批准，這是該公司正在考慮利用其強大的現金狀況的替代方法的一部分。董事會認為，此時延長股份回購計劃符合網路一號及其股東的最佳利益，不會影響網路一號S執行其未來計劃的能力。
譯文內容由第三人軟體翻譯。