Allot Communications Receives Court Approval for $15M Share Repurchase Program

Allot Communications Ltd.

today announced it has received a court approval to repurchase up to $15 million of its Ordinary Shares. As of September 30, 2015, Allot had approximately 33.5 million Ordinary Shares outstanding. Share purchases will take place in open market transactions or in privately negotiated transactions and may be made from time to time depending on market conditions, share price, trading volume and other factors. Such purchases will be made in accordance with all applicable securities laws and regulations. For all or a portion of the authorized repurchase amount, Allot may enter into a plan that is compliant with Rule 10b5-1 of the United States Securities Exchange Act of 1934 that is designed to facilitate these purchases. The repurchase program does not require Allot to acquire a specific number of shares, and may be suspended from time to time or discontinued. The court approval will initially be valid for a period of six months. About Allot Communications  Allot Communications Ltd. (NASDAQ,