Tremor Video (TRMR) Announces $15M Buyback Plan

Tremor Video, Inc. (NYSE: TRMR) announced today that its Board of Directors has approved a share repurchase program, under which the Company is authorized to purchase up to $15 million of its common stock over the eighteen month period commencing March 25, 2016.

"Our Board of Directors and executive team believe that Tremor Video’s growth prospects, long-term strategy and successful execution of its business are not reflected in the Company’s current stock price, which represents an attractive investment opportunity,” said Bill Day, Tremor Video Chief Executive Officer. “We believe that our strong balance sheet and cash position enable us to return value to shareholders through share repurchases while still affording us the ability to pursue disciplined investments in our future growth."

You May Also Be Interested In

• Reitar Logtech launches $3M share repurchase program
• Kaleon buys back 1,165 shares for €4,593 under buyback programme
• Cycurion board approves $500,000 share repurchase program