SuperCom CEO to buy 1m company shares
16 August 2018 16:49 GMT

SuperCom, a provider of ID and cybersecurity solutions, has announced that its CEO, Arie Trabelsi, has initiated a program to purchase up to 1 million of the company's ordinary shares on the open market.

"As shared in recent quarterly releases, SuperCom is executing effectively against its business plan and has optimized much of its operations to support strong earnings growth along with increasing customer demand for our leading technology solutions," commented Mr. Arie Trabelsi, President and CEO of SuperCom.

"I believe the SPCB current stock price levels do not reflect the high intrinsic value of the company. This program provides me the ability to opportunistically acquire SuperCom shares and underscores my ongoing belief in the Company," Arie concluded.

Under the CEO purchase program, the CEO may purchase shares in open market transactions or through other authorized methods. The extent to which the CEO purchases SuperCom shares and the timing of such purchases is at the discretion of the CEO and will depend upon market conditions and regulatory requirements. This program does not require the purchase of any minimum number of shares