Tokyo, Japan – March 6, 2013 - Trend Micro (TSE: 4704), the global leader in cloud security and virtualization, today announced that its Board of Directors approved share buyback under Article 156 of the Corporation Law of Japan, as applied pursuant to Article 165(3) of the Corporation Law as described below:
Reason for Share Buyback
In order to respond to the changing business environment, we are implementing a flexible capital budgeting policy.
Details of the Program
|(1) Class of Capital Stock to be Purchased:||Shares of Common Stock|
|(2) Number of Shares to be Purchased:||Up to 1,200,000 shares (0.91% of the total outstanding shares)|
|(3) Total Purchase Price:||Up to 3,000 million yen|
|(4) Schedule:||From March 7, 2013 to March 29, 2013 (based on trade date)|
|(5) Method of repurchase:||Open market purchases at the Tokyo Stock Exchange|
|Note: As of February 28, 2013|
|Total number of outstanding shares (excluding treasury shares):||131,879,569 shares|
|Total number of treasury shares:||8,413,435 shares|
Trend Micro Incorporated (TSE: 4704), a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the Trend Micro™ Smart Protection Network™ cloud security infrastructure, our industry-leading cloud-computing security technology, products and services stop threats where they emerge, on the Internet, and are supported by 1,000+ threat intelligence experts around the globe.
Additional information about Trend Micro Incorporated and the products and services are available at Trend Micro.com This Trend Micro news release and other announcements are available at http://trendmicro.mediaroom.com/ and as part of an RSS feed at www.trendmicro.com/rss Or follow our news on Twitter at @TrendMicro.