Summary
Synopsys, Inc. (SNPS) announced on December 18, 2000, the adoption of a Stock Repurchase Plan. This plan is designed to allow the company to buy back its own common stock. The key objective of this plan is to facilitate share repurchases during periods when corporate insiders are restricted from trading, ensuring compliance with Rule 10b5-1(c) of the Securities Exchange Act of 1934.
Key Highlights
- 1Adoption of a Stock Repurchase Plan on December 18, 2000.
- 2The plan allows Synopsys to purchase its own Common Stock.
- 3The repurchases are intended to comply with Rule 10b5-1(c) of the Securities Exchange Act of 1934.
- 4Purchases will be executed during periods when insider trading is prohibited.
- 5This move indicates a potential capital allocation strategy by the company to return value to shareholders or manage its stock price.