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AirMedia Group Inc Increases Share Repurchase Program

Wednesday, 26 Sep 2012 06:50am EDT 

AirMedia Group Inc announced that Board of Directors has approved to increase the size of previously announced share repurchase program to USD40 million from USD20 million and to extend the termination date of the share repurchase program to March 20, 2014 from March 20, 2013. The other terms of the share repurchase program will remain unchanged. Under the expanded share repurchase program, AirMedia has been authorized, but not obligated, by Board of Directors to repurchase a total of up to USD40 million worth of outstanding American Depositary Shares (ADSs) until March 20, 2014. As of September 23, 2012, AirMedia had repurchased an aggregate of 4,347,601 ADSs on the open market for a total consideration of USD13.1 million, and is authorized to purchase up to USD26.9 million worth of additional ADSs under the expanded share repurchase program. 

Company Quote

0.02 +0.91%
11 Jul 2014