LifeLock Announces $100 Million Share Repurchase Program

Source: National Cyber Security – Produced By Gregory Evans

LifeLock Announces $100 Million Share Repurchase Program

LifeLock, Inc. (NYSE: LOCK), an industry leader in identity theft protection, today announced that its Board of Directors has approved the repurchase of up to $100 million of the company’s common stock, representing approximately 7% of the company’s outstanding common shares based onCURRENT TRADING prices. The repurchase program has no expiration date but is intended to be completed by year end 2016. “This share repurchase program reflects the Board’s confidence in the ongoing strength of LifeLock’s business and its deep commitment to enhancing value for shareholders through both the return of capital and INVESTING to build on our strong record of growth,” said Roy A. Guthrie, Lead Independent Director. Repurchases under the program may be made through open market or privately negotiated transactions at times and in such amounts as determined by LifeLock’s management, subject to market conditions and in accordance with the requirements of theSECURITIES and Exchange Commission. The program does not obligate LifeLock to repurchase any particular amount of the company’s common stock, and may be suspended or discontinued at any time without notice. LifeLock had 95,515,268 shares outstanding as of October 30, 2015. About LifeLock LifeLock, Inc. (NYSE:LOCK) is a leading provider of proactive identity theft protection […]

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