Internet Gold’s Board Approves Share Buyback Program
2010年3月5日 - 3:36AM
ビジネスワイヤ(英語)
Internet Gold Golden Lines Ltd. (NASDAQ Global Market:IGLD) and
(TASE:IGLD) today announced that its Board of Directors has
authorized a new stock repurchase program of up to NIS 30
million (approximately U.S. $8 million) of the Company’s ordinary
shares. This new program follows previously completed repurchase
programs announced by Internet Gold in November 2007 and July
2008.
The purchases will be made from time to time in the open market
on the NASDAQ Global Market and Tel Aviv Stock Exchange. The timing
and amount of any share purchases will be determined by the
Company's management based on its evaluation of market conditions
and other factors. The repurchase program may be suspended or
discontinued at any time.
"Our Board’s decision to authorize a new repurchase program
reflects our confidence in our company and its future prospects and
our financial position,” said Eli Holtzman, Chief Executive Officer
of Internet Gold.
About Internet
Gold
In October 2009, Internet Gold announced that its subsidiary,
012 Smile.Communications (Nasdaq: SMLC), had signed a definitive
agreement to purchase the controlling interest (approximately
30.66%) in Bezeq, The Israel Telecommunication Corp., Israel’s
largest telecommunications provider (TASE: BZEQ). For further
information, please visit our website: http://www.Igld.com.
Forward-Looking
Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause actual
results to differ materially from these forward-looking statements
include, but are not limited to risks associated with the pending
acquisition of the controlling interest in Bezeq and other risks
detailed from time to time in Internet Gold's filings with the
Securities Exchange Commission, including Internet Gold's Annual
Report on Form 20-F. These documents contain and identify other
important factors that could cause actual results to differ
materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligation to update publicly or revise any
forward-looking statement.
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