SuperCom Ltd. (NASDAQ: SPCB), a global provider of Multi-Identity, IoT, Connectivity, and Cyber Security solutions for the global Public and Private Sectors, has announced that SuperCom President and CEO Arie Trabelsi has notified the company that he has expanded his personal share purchase program from 1 million to 2 million shares, the company said.
To date, he has purchased 596,000 SuperCom ordinary shares in the open market through this program, and he plans to continue to purchase shares through this program.
Under the CEO purchase program, the CEO may purchase shares in open market transactions or through other authorized methods. The extent to which the CEO purchases SuperCom ordinary shares and the timing of such purchases is at the discretion of the CEO and will depend upon market conditions and regulatory requirements. This program does not require the purchase of any minimum number of shares.
Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. SuperCom´s website: http://www.supercom.com