Tokyo, Japan – June 2, 2014 - Trend Micro (TSE: 4704), a global leader in security software and solutions, today announced that with the resolution pursuant to Article 370 of the Corporation Law as of May 31, 2014, 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 1,000,000 shares (0.74% of the total outstanding shares)|
|(3) Total Purchase Price:||Up to 3,500 million yen|
|(4) Schedule:||From June 3, 2014 to June 23, 2014 (based on trade date)|
|(5) Method of repurchase:||Open market purchases at the Tokyo Stock Exchange|
|Note: As of May 31, 2014|
|Total number of outstanding shares (excluding treasury shares):||134,988,380 shares|
|Total number of treasury shares:||5,304,624 shares|
Trend Micro Incorporated, a global leader in security software, strives to make the world safe for exchanging digital information. Built on 25 years of experience, our solutions for consumers, businesses and governments provide layered data security to protect information on mobile devices, endpoints, gateways, servers and the cloud. Trend Micro enables the smart protection of information, with innovative security technology that is simple to deploy and manage, and fits an evolving ecosystem. All of our solutions are powered by cloud-based global threat intelligence, the Trend Micro™ Smart Protection Network™ infrastructure, and are supported by over 1,200 threat experts around the globe. For more information, visit TrendMicro.com.