Innodata Authorizes $2M Stock Repurchase Program

Innodata

today announced that its Board of Directors has authorized the repurchase of up to $2 million of its common stock in open market or private transactions. The timing and nature of repurchases are subject to market and business conditions and applicable securities laws. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice. In June 2010 the Board authorized the repurchase of $2.1 million of common stock. The Company subsequently bought back approximately 758,000 shares in open market transactions at a volume-weighted average price of $2.77 per share, representing almost the entire June 2010 authorization.