ICOS General Assembly approves share buy-back program

ICOS Vision Systems Corporation NV (Nasdaq, Nasdaq Europe and Euronext (first listing on Euronext today) : IVIS) announced that its extraordinary general assembly meeting on June 3 approved the proposed share buy-back program, entitling the board of directors to repurchase up to one million shares, or approximately 9.5% of the outstanding shares. The repurchase right is valid for 18 months and may be effected at times and in amounts as the board of directors deems appropriate, at any price up to 10 Euro per share, or approximately US$11.5 at the current exchange rate. The general assembly has also set the conditions under which the board of directors can resell these shares or use them for other purposes.Source: PCBnewsline