SuperCom Ltd (NASDAQ: SPCB) has repurchased one million ordinary shares in open market transactions at an average price of USD 4.86 per share since announcing its repurchase plan on September 24, 2015, the company said.
Under the program authorized by its board of directors, SuperCom may purchase shares in open market transactions. The purchases are expected to be funded with existing cash on hand. The duration of the program is open-ended, does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time.
Since 1988, SuperCom has been a leading 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.