AVG Technologies Announces Third Tranche of Share Repurchase Program
AMSTERDAM, June 2, 2014
AMSTERDAM, June 2, 2014 /PRNewswire/ -- AVG Technologies N.V. (NYSE: AVG), the
online security company, today announced the third tranche of its repurchase
program announced on May 9, 2013 and subsequently on November 13, 2013. AVG
may repurchase up to 1,367,941 ordinary shares between June 3, 2014 and
November 9, 2014. During the first tranche, 1,500,000 ordinary shares were
repurchased between June 19, 2013 and November 5, 2013, and during the second
tranche, 1,132,059 ordinary shares were repurchased between November 13, 2013
and May 9, 2014.
AVG has mandated Goldman Sachs to execute the third tranche which is limited
to up to 1,367,941 ordinary shares to be repurchased between June 3, 2014 and
November 9, 2014. For that, Goldman Sachs will decide on the timing of the
share repurchases independently of and without being influenced by AVG.
Goldman Sachs is a full service securities firm and may enter into other
transactions in respect of the shares.
Details of the share repurchase program, including repurchase price,
applicable trading, acquisition, volume and termination conditions under the
program can be consulted in the previous issued press releases of May 9, 2013
and November 13, 2013.
The number of shares repurchased each week during the share repurchase program
and the average purchase price will be disclosed on the Investor Relations
section (Financial Information > Share Buyback Activity) of the AVG website
www.avg.com or investors.avg.com.
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About AVG Technologies
AVG is the online security company providing leading software and services to
secure devices, data and people. AVG has over 187 million active users, as of
March 31, 2014, using AVG's products and services including Internet security,
performance optimization, and personal privacy and identity protection. By
choosing AVG's products, users become part of a trusted global community that
engages directly with AVG to provide feedback and offer mutual support to
SOURCE AVG Technologies N.V.
Contact: Investors, Erica Abrams, The Blueshirt Group for AVG, +1 (415)
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