Tokyo, Japan – November 10, 2016 - 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:
1. Reason for Share Buyback
In order to respond to the changing business environment, we are implementing a flexible capital budgeting policy.
2. 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 (0.73% of the total outstanding shares)
|(3) Total Purchase Price:
||Up to 4,000 million yen
||From November 11, 2016 to December 22, 2016 (based on trade date)
|(5) Method of repurchase:
||Open market purchases at the Tokyo Stock Exchange
|Note: As of October 31, 2016
|Total number of outstanding shares (excluding treasury shares):
|Total number of treasury shares:
About Trend Micro
Trend Micro Incorporated, a global leader in cyber security solutions, helps to make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud environments, networks, and endpoints. All our products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and control, enabling better, faster protection. With more than 5,000 employees in over 50 countries and the world’s most advanced global threat intelligence, Trend Micro enables users to enjoy their digital lives safely. For more information, visit www.trendmicro.com.
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Contact: Investor Relations