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News Breaks | | | | November 23, 2012 | | 07:31 EDT |  | LTON | Linktone announces $8M share repurchase program
Linktone announced that its Board of Directors has authorized the repurchase of up to $8M worth of outstanding American Depositary Shares, or ADSs, over approximately the next 6 months, from time to time, in open-market purchases at prevailing market prices pursuant to a trading plan established under Rule 10b5-1 under the U.S. Securities Exchange Act. The timing and extent of any purchases will be subject to the parameters specified in the Rule 10b5-1 trading plan and depend on a number of factors including the price and availability of the company's ADSs. The company will finance the repurchase with existing cash reserves and cash generated from operations. | |
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