Pegasystems Expands Current Share Repurchase Program
Pegasystems (NASDAQ: PEGA) today announced that its Board of Directors has authorized an expansion of the Company's current share repurchase program. Under this expansion, the expiration date of the Current Repurchase Program has been extended from December 31, 2011 to December 31, 2012, and $15 million in repurchases of the Company's common stock between November 9, 2011 and December 31, 2012 has been approved, over and above the amounts repurchased through November 8, 2011.
This expansion is effective as of November 8, 2011. Through November 8, 2011, the Company had repurchased 103,814 shares under the Current Repurchase Program, for an average price of $36.86 per share.
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