Financial News Release
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|Avago Technologies Reauthorizes Share Repurchase Program of Up to 15 Million Shares|
This share repurchase program was adopted pursuant to the share purchase mandate approved by the Company's shareholders at its 2012 annual general meeting. The share purchase mandate authorizes the repurchase by the Company of up to 10 percent of its outstanding ordinary shares prior to the date of the Company’s 2013 annual general meeting.
Share repurchases, if any, will be made in the open market at such times and in such amounts as the Company deems appropriate. The Company intends to effect any share purchases in compliance with Securities and Exchange Commission Rule 10b-18 or pursuant to a trading plan adopted pursuant to Rule 10b5-1. The timing and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable legal requirements. The share repurchase program does not obligate the Company to repurchase any specific number of shares and may be suspended or terminated at any time without prior notice.
Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements which address our
expected future business and financial performance. These
forward-looking statements are based on current expectations, estimates,
forecasts and projections of future Company or industry performance,
based on management’s judgment, beliefs, current trends and market
conditions, and involve risks and uncertainties that may cause actual
results to differ materially from those contained in the forward-looking
statements. Accordingly, we caution you not to place undue reliance on
these statements. For
Avago Technologies Limited